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Moyie, 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 $400,000
3 bedrooms $500,000
4 bedrooms $600,000

Apartments

Bedrooms Median Price
1 bedrooms $250,000
2 bedrooms $350,000
3 bedrooms $450,000

Demographics

Current Population (2024) 15,000
Previous Population (2019) 14,000
Population Change 7.1%
Total Private Dwellings 6,000
Occupied Private Dwellings 5,500
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis





Moyie, British Columbia Real Estate Market Analysis

Current Market Conditions and Trends

In Moyie, British Columbia, the real estate market has shown steady growth in the past year. The median house price in the area stands at $500,000, indicating a 3.5% increase year-over-year. In a similar trend, the median apartment price has reached $300,000, with a slightly slower growth rate of 2.1% year-over-year. These statistics suggest a healthy and growing housing market that is becoming increasingly attractive to both homeowners and investors. This growth can be partially attributed to the robust population increase of 7.1%, which now totals approximately 15,000 residents.

Investment Opportunities and Potential

The positive trajectory of Moyie’s housing market presents numerous investment opportunities, particularly for those looking to invest in residential properties. Given the consistent rise in property prices, purchasing real estate in this region could be an advantageous long-term investment. The higher percentage increase in house prices compared to apartments suggests that single-family homes may offer better capital appreciation potential. However, apartments can also be a lucrative investment due to their lower entry price point and appeal to smaller households or renters.

Future Market Outlook

Moyie’s real estate market outlook appears promising based on current trends and demographic data. The substantial population growth rate of 7.1% is likely to continue fueling demand for housing. If economic conditions remain favorable and supply keeps pace with demand without creating an oversupply, we can anticipate continued moderate price growth for both houses and apartments. Investors and potential homebuyers should monitor local development plans and employment trends closely as these factors will further influence the future direction of the real estate market.