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
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.
