Mclure, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in McLure, British Columbia is currently experiencing a steady increase in property values. With the median house price at $550,000 and showing a year-over-year growth of 4.2%, the market is indicative of healthy demand. Similarly, the median apartment price stands at $320,000, which has risen by 2.8% from the previous year. These trends suggest a robust market with continuing appreciation of property values.
The population of McLure has grown to 15,500, reflecting a growth rate of 3.3%. This population increase is likely contributing to the demand for housing and can be seen as a positive indicator for real estate stability and long-term investment potential.
Investment Opportunities and Potential
The steady rise in house and apartment prices indicates a strong investment opportunity for those looking to enter the McLure real estate market. Given the upward trend in property values and the consistent population growth, investors could anticipate continued appreciation in their real estate assets.
The market conditions also suggest that rental properties might be a lucrative option as more people move into the area, potentially increasing the demand for rental units. Investors should consider both residential properties for long-term equity growth and rental properties for immediate cash flow as part of their portfolios.
Future Market Outlook
The future outlook of McLure’s real estate market remains positive, with expected continuation in property value appreciation driven by ongoing population growth and stable economic conditions. Assuming that these trends persist, McLure could present a promising market for both homebuyers looking for a place to settle and investors seeking growth opportunities.
However, it is crucial for potential buyers and investors to monitor local economic developments, interest rates, and housing supply dynamics which could affect overall market health. Staying informed will allow them to make educated decisions tailored to their individual financial goals.
