Iskut, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Iskut, British Columbia, is currently experiencing steady growth. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This indicates a continued appreciation in the value of residential properties in the area. Similarly, the apartment market has also seen positive growth with the median apartment price at $300,000 and an annual trend increase of 2.1%. The population of Iskut has grown to 15,000, with a significant growth rate of 7.1%, suggesting a rising demand for housing driven by demographic factors.
Investment Opportunities and Potential
Given the current trends, Iskut represents a promising investment opportunity for both residential and rental property investors. The consistent growth in property values suggests a stable market with potential for continued capital gains. The robust population increase also points towards an expanding rental market that could benefit from additional apartment developments. Investors should be encouraged by the steady upward trends in property prices and consider diversifying their portfolios to include assets within this growing community.
Future Market Outlook
The outlook for Iskut’s real estate market remains optimistic based on the current data. With house prices showing a healthy increase and apartments following suit, the market is poised for sustained growth. The significant rise in population underscores the potential for increased housing demand, which could further drive property values upward. However, investors should keep an eye on economic indicators and development plans for the region as these could affect future market dynamics. Overall, given the present conditions and forward-looking indicators, Iskut’s real estate market appears to be on a positive trajectory.
