Lantzville, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $850,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $450,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $700,000 |
3 bedrooms | $850,000 |
4 bedrooms | $950,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $400,000 |
2 bedrooms | $500,000 |
3 bedrooms | $600,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 6.0 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Lantzville, British Columbia, the real estate market is currently characterized by a steady increase in property values. The median house price stands at $850,000, with a year-over-year growth rate of 4%. This consistent growth indicates a healthy demand for housing and a competitive market environment.
The median apartment price is slightly more accessible at $450,000, growing at a slightly slower pace of 2.5% year-over-year. This difference in growth rates between houses and apartments may reflect a stronger demand for single-family homes in Lantzville, which could be driven by demographic factors such as family composition or lifestyle preferences.
Investment Opportunities and Potential
Lantzville’s real estate market offers promising investment opportunities. With the population expanding at an impressive rate of 3.4%, there is ongoing potential for rental properties to meet the needs of new residents. Investors could capitalize on this growth by focusing on multi-unit residential buildings or developing new apartment complexes to cater to the influx of people.
The sustained increase in house prices also suggests that purchasing residential properties could yield significant capital gains over time. Long-term investors might find particular value in acquiring properties that could benefit from future developments or improvements, thereby enhancing their appreciation potential.
Future Market Outlook
The future outlook for Lantzville’s real estate market remains optimistic. The area’s population growth outpaces many other regions, suggesting continued demand for housing. If current trends persist—coupled with Lantzville’s appeal as a community—there is reasonable confidence that both house and apartment prices will maintain an upward trajectory.
It will be important for stakeholders to monitor factors such as local economic conditions, infrastructure developments, and changes in housing policies, as these can significantly influence the market dynamics. Nevertheless, given the current data and trends, Lantzville appears to be positioned for ongoing real estate market strength.