Kragmont, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Kragmont, British Columbia, is currently experiencing steady growth. With a median house price of $500,000, the market has seen a respectable year-over-year increase of 3.5%. Similarly, the median apartment price stands at $300,000, with a slower yet consistent growth trend of 2.1% annually. This suggests a stable market that is growing at a sustainable pace.
Kragmont’s population has grown by 7.1%, indicating an influx of new residents and potential homebuyers. This demographic trend is likely contributing to the increasing demand for housing in the area and may be a driving factor behind the steady appreciation in property values.
Investment Opportunities and Potential
The consistent growth trends in Kragmont’s real estate market offer appealing opportunities for both local and external investors. The region’s rising population is likely to sustain demand for both purchasing and renting properties, which could result in favorable returns on investment over time.
Investors considering the purchase of residential properties can anticipate continued appreciation based on historical trends, while those looking into rental properties may find the growing population to be an advantage for maintaining low vacancy rates and stable rental yields.
Future Market Outlook
Looking ahead, Kragmont’s real estate market shows promising signs for sustained growth. The ongoing population increase suggests that demand for housing will continue to rise. Given the current trends and assuming no significant economic disruptions, we can anticipate that both house and apartment prices may maintain their respective upward trajectories.
However, it is important for investors to monitor local and national economic conditions as fluctuations in employment rates, interest rates, and government policies can impact real estate markets significantly. For now, though, Kragmont presents itself as an attractive locale for real estate investment with a positive outlook for the future.
