Masset, 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 | $315,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $480,000 |
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
The real estate market in Masset, British Columbia, is currently characterized by a steady growth in property values. With a median house price of $525,000 and an annual increase of 4%, the market demonstrates resilience and a consistent upward trend. Similarly, the median apartment price stands at $315,000, following a gentler yet positive year-over-year growth of 2.5%. This growth can be partly attributed to the town’s increasing population, which has recently seen a 3.3% rise, bringing the total number of residents to 15,500. This influx of new residents may be contributing to the heightened demand for housing in the area.
Investment Opportunities and Potential
Masset’s real estate market presents various investment opportunities for both residential and commercial investors. The town’s steady rise in population indicates a growing demand for housing which could benefit landlords and developers alike. The consistent increase in property values suggests that purchasing real estate now could offer significant return on investment as prices are expected to continue their upward trajectory. Investors looking to enter the rental market may find Masset particularly attractive due to its relatively affordable property prices compared to larger urban centers in British Columbia.
Future Market Outlook
The future outlook for Masset’s real estate market remains optimistic. Given the current trends and the healthy population growth rate of 3.3%, it is anticipated that demand for housing will persist, potentially leading to further appreciation in property values. As Masset continues to grow economically and demographically, it will likely attract more residents seeking the balance between rural charm and modern amenities that the town offers. Consequently, both the residential and commercial real estate sectors are expected to benefit from sustained investment interest over the coming years.