Masset, 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 | $420,000 |
3 bedrooms | $500,000 |
4 bedrooms | $610,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $320,000 |
3 bedrooms | $425,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,200 |
Population Density (per km²) | 6.0 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Masset, British Columbia is currently experiencing steady growth. With a median house price of CA$500,000, the market has seen a year-over-year increase of 3.5%. This consistent upward trend reflects a healthy demand for single-family homes in the area. Similarly, the median apartment price stands at CA$300,000 with a more modest growth rate of 2.1% over the past year. The population of Masset has reached 15,000 residents, growing at a rate of 3.4%, which is indicative of an increasing demand for housing in the community.
Investment Opportunities and Potential
Investors considering the Masset real estate market can find potential in both residential and rental property investments. Single-family homes, with their higher appreciation rate, present an opportunity for long-term capital gains. The steady increase in property values suggests that early investment could yield positive returns as the market continues to grow.
Apartments represent another investment avenue with a slightly lower but stable growth rate. As the population expands, there is potential for rental properties to become increasingly lucrative due to rising demand from those who prefer not to purchase property outright or are saving towards homeownership.
Future Market Outlook
The future outlook for Masset’s real estate market appears optimistic. The ongoing population growth at a rate of 3.4% is likely to continue driving housing demand upwards. If current trends persist, investors and homeowners can expect further increases in property values across both houses and apartments.
However, it’s important for stakeholders to monitor external factors that could impact the local economy and real estate market such as changes in interest rates, employment rates in key industries, and broader provincial economic trends. Staying informed will help investors and potential homebuyers make educated decisions in this dynamic market.