Moyie, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| 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 | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 Moyie, British Columbia, currently presents a stable and growing environment. With a median house price of $525,000 and an upward year-over-year trend of 4%, the market is witnessing a consistent appreciation in property values. Similarly, the median apartment price stands at $315,000, which has seen a slightly lower yet positive annual growth rate of 2.5%. These statistics indicate a healthy demand for both houses and apartments in the area.
The population of Moyie has been expanding at a rate of 3.3%, which is an additional factor contributing to the robustness of the local real estate market. This growth suggests that there is ongoing or potential demand for housing as new residents move in, potentially driven by factors such as employment opportunities, lifestyle preferences, or regional development initiatives.
Investment Opportunities and Potential
The steady increase in property values and population growth presents clear opportunities for real estate investment in Moyie. The residential market’s performance suggests that long-term investments could yield solid capital gains due to the continuous appreciation trend. Furthermore, investors might consider leveraging rental properties as an income stream because the increasing population could drive demand for rental units.
Given the more moderate price increase for apartments compared to houses, there may be particular value found in investing in multi-unit residential buildings or developments. These properties could be especially attractive to first-time homebuyers or individuals looking for more affordable housing options within the community.
Future Market Outlook
Looking forward, the real estate market in Moyie appears poised for sustained growth. The combination of steady housing price increases and ongoing population growth bodes well for the stability of the market. Assuming current economic conditions persist and no major policy changes occur that significantly impact the housing sector, investors and homeowners can reasonably expect continued appreciation in property values.
However, it is important for stakeholders to monitor variables such as interest rates, employment rates, and regional economic health which could influence future market conditions. Keeping abreast of these factors will ensure informed decision-making regarding real estate investments and homeownership in Moyie.
