Jaffray, 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 Jaffray, British Columbia currently presents a stable and growing environment. With a median house price of $500,000, there has been a modest year-over-year increase of 3.5%. This suggests a healthy demand for housing that is likely being driven by the corresponding population growth of 7.1% in the region. The market for apartments is similarly experiencing an uptrend, albeit at a slower pace, with the median price standing at $300,000 and observing a 2.1% year-over-year growth.
Investment Opportunities and Potential
The investment landscape within Jaffray’s real estate market appears promising due to the consistent appreciation of property values. Investors may find the current growth in median house prices to be an attractive opportunity, particularly when considering the ongoing population increase which may drive further demand. The apartment sector also offers potential for investors looking for lower entry points into the market or seeking rental income properties, as more individuals might look towards more affordable living arrangements within this growing community.
Future Market Outlook
Looking ahead, the future market outlook for Jaffray’s real estate is optimistic. The sustained population growth rate indicates a burgeoning community with increasing housing needs. If this demographic trend continues, it can be expected that both house and apartment prices will maintain their upward trajectory. This would suggest that investing in Jaffray’s real estate could potentially yield favorable returns over time as long as the local economy remains stable and supportive of the real estate sector’s expansion.
