Kaslo, 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
As of the latest available data, Kaslo, British Columbia is experiencing healthy real estate market conditions. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This steady growth indicates a robust demand for single-family homes and an overall positive sentiment in the housing market.
In the apartment sector, the median apartment price is currently $300,000, reflecting a more modest year-over-year growth of 2.1%. The lower growth rate in apartment prices suggests a slightly softer market for multi-family dwellings compared to houses but still points towards a stable investment environment.
Contributing to these trends is Kaslo’s population of 15,000, which has seen a significant growth rate of 7.1%. Such demographic changes are often associated with increased demand for housing, thus supporting the current market upswing.
Investment Opportunities and Potential
With its growing population and consistent increase in property values, Kaslo presents promising investment opportunities. The steady appreciation in house prices may appeal to long-term investors looking for reliable asset growth. Additionally, the smaller yet consistent gains in the apartment sector offer potential for investors seeking lower entry points and diversification within the local real estate market.
Given the population growth rate, there is potential for new development projects to meet the rising housing demand. Investors could explore possibilities for both residential and mixed-use properties that cater to new residents’ needs.
Future Market Outlook
Looking ahead, Kaslo’s real estate market shows signs of continued strength. If the current population trend persists, it can be anticipated that property demand will remain robust. Assuming no major economic disruptions affect the broader region or national policies significantly impacting home ownership desirability or affordability, we can expect house prices to maintain their upward trajectory.
For apartments, the slower growth rate suggests that this segment may continue to offer more accessible investment opportunities. However, as rental demand may rise with population increases, investors could also benefit from enhanced rental income over time.
Overall, while Kaslo’s real estate market does not exhibit explosive growth, its steady performance provides a relatively secure environment for both residential buyers and real estate investors alike.
