Lantzville, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $920,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Apartment
| Median price | $450,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $780,000 |
| 3 bedrooms | $920,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,400 |
| Population Change | 3.9% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Lantzville, BC
The real estate market in Lantzville, British Columbia is currently experiencing a period of steady growth. The median house price in the area stands at $920,000, reflecting a year-over-year increase of 4%. This consistent rise suggests a healthy demand for single-family homes. The median apartment price is positioned at $450,000 with a more modest year-over-year growth of 2.5%, indicating a stable market for multi-family dwellings.
The population of Lantzville has seen a significant increase of 3.9%, which can be indicative of an influx of residents seeking the lifestyle and opportunities offered by this locale. This growth may be contributing to the general demand for housing and can affect future real estate trends.
Investment Opportunities and Potential in Lantzville, BC
Given the steady appreciation in property values, investors might find Lantzville an attractive option for long-term investment. The consistent rise in median house prices suggests that investing in residential properties could yield profitable returns over time. Additionally, the modest increase in apartment prices offers potential for those looking to invest in rental properties or enter the housing market at a lower entry point.
The population growth adds to the town’s investment appeal as it may lead to greater rental demand. Investors should consider both existing properties and potential new developments as areas of interest, especially if they are aligned with the preferences of incoming residents.
Future Market Outlook for Lantzville, BC
The future real estate market outlook for Lantzville appears promising. With a continuing trend of population growth coupled with rising property values, it’s likely that demand will remain robust. Assuming no significant economic changes occur that could adversely impact the local or national real estate markets, Lantzville’s real estate is poised for continued growth.
Investors and potential homebuyers should monitor key factors such as interest rates, employment rates, and regional economic developments which could influence market conditions. However, based on current trends, Lantzville’s real estate market shows signs that it will remain an attractive location for both living and investing.
