Lister, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $320,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $625,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $270,000 |
2 bedrooms | $360,000 |
3 bedrooms | $470,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Lister, British Columbia
In Lister, British Columbia, the real estate market is experiencing steady growth. The median house price stands at $525,000, reflecting a 4% increase year-over-year. This indicates a healthy demand for single-family homes and suggests that the market is appreciating at a stable rate.
Similarly, the median apartment price has risen to $320,000, marking a 2.5% year-over-year growth. The smaller increase compared to houses suggests that apartments are gaining value at a more moderate pace, possibly due to a higher inventory or lesser demand in this segment.
The population of Lister has reached 15,500 residents with an impressive growth rate of 3.3%. This demographic expansion is likely contributing to the demand for housing and helping sustain property value appreciation.
Investment Opportunities and Potential in Lister
Considering the consistent growth in property values and the robust population increase, Lister presents attractive investment opportunities. The steady rise in median house prices implies that investments in single-family homes could yield considerable returns due to the sustained market appetite for this type of property.
Apartments also present a viable investment opportunity, especially for those looking to cater to individuals or small families. While the growth in apartment values is less pronounced than houses, investors might benefit from lower entry costs and potentially higher rental yield percentages.
The strong population growth not only supports current demand but also signifies future potential as more people require housing. Investors would be wise to consider both immediate rental income prospects and long-term capital gains when evaluating properties in Lister.
Future Market Outlook for Lister
The future real estate market outlook for Lister remains optimistic given current trends. With a solid population growth rate of 3.3%, it is anticipated that the demand for housing will continue to rise. This demographic trend should underpin both rental and purchase markets.
Assuming economic conditions remain favorable and the local job market continues to thrive, we can expect further property value appreciation. However, investors should remain mindful of broader economic factors that can influence interest rates and borrowing costs which could impact buyer affordability and influence market dynamics.
In conclusion, Lister’s real estate market shows promising signs for both short-term gains through rental income and long-term investments through capital appreciation. Stakeholders should monitor local development plans and infrastructure improvements as these factors could further enhance property values and investment potential in the area.