Horsefly, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $380,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Horsefly, British Columbia is currently experiencing steady growth. With a median house price of $495,000, Horsefly has seen a year-over-year increase of 3.2%. This suggests a healthy demand for housing in the area, reflective of the overall economic stability and appeal of the location. The median apartment price stands at $295,000 with a slightly lower year-over-year growth rate of 2%, indicating a more modest but consistent demand for more affordable housing options.
Investment Opportunities and Potential
Horsefly’s real estate market presents notable investment opportunities. The consistent growth in property values is attractive to investors looking for capital appreciation. Single-family homes remain in demand, as indicated by the median house price trend. Investors may also consider the rental market due to population growth recorded at 3.4%, which can drive rental demand and potentially lead to favorable rental yields. Moreover, with the growing population, there could be opportunities for new residential developments or renovations of existing properties to cater to the evolving needs of residents.
Future Market Outlook
The future market outlook for Horsefly appears promising. The combination of steady population growth and continuous property value appreciation indicates potential for ongoing positive momentum in the real estate market. As long as economic conditions remain stable and investment in local infrastructure continues, the desirability of Horsefly as a place to live and invest is likely to sustain or potentially increase demand for real estate. Consequently, both short-term gains through flips and long-term holds for rental income or appreciation could be viable strategies for investors.
