Lister, 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 Lister, British Columbia is currently experiencing moderate growth. With a median house price standing at $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a steady demand for housing in the area, likely driven by Lister’s growing population, which currently stands at 15,000 residents and has grown by 7.1%.
Apartments in Lister are relatively more affordable with a median price of $300,000, aligning with the national trend towards smaller living spaces in urban areas. The apartment sector has experienced a more modest year-over-year increase of 2.1%, reflecting sustained but slower growth compared to the detached housing market.
Investment Opportunities and Potential
Lister presents a compelling investment opportunity for real estate investors. The consistent growth in property values coupled with substantial population increases suggests that there is ongoing and increasing demand for housing. Long-term investments in residential properties, particularly single-family homes, appear to be promising given their stronger appreciation rate.
For those considering investment properties or real estate development ventures, the expanding population could indicate potential for rental markets or new housing developments. Given the steady increase in property values, investors could see significant returns over time.
Future Market Outlook
The future market outlook for Lister, British Columbia remains positive. Population growth is one of the primary drivers of real estate demand, and Lister’s notable increase suggests that this trend will continue. Assuming that economic conditions remain favorable and the area continues to attract new residents due to its amenities and lifestyle offerings, demand for both purchasing and renting homes should remain strong.
If current trends persist, we can expect gradual but consistent growth in property values across both housing and apartment segments. Investors and homebuyers alike should monitor local economic developments closely as they can affect employment opportunities—a key factor influencing real estate markets.
In conclusion, while no market is without risk, Lister’s current data points to a healthy real estate environment with potential for continued positive performance.
