Nakusp, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 3.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The current real estate market in Nakusp, British Columbia exhibits stability with a moderate growth trajectory. The median house price as of now stands at $500,000, demonstrating a year-over-year increase of 3.8%. This uptick indicates a healthy demand for single-family homes while signaling a competitive market for potential buyers. Similarly, the apartment sector has experienced growth, albeit at a slower pace, with the median apartment price reaching $320,000 and a year-over-year upward trend of 2.5%.
Such steady growth is reflective of broader regional trends where real estate markets are balancing out after the rapid acceleration seen in previous years. The population growth of 3.4%, bringing the local populace to approximately 15,000 residents, supports the increased housing demand and suggests sustained market activity.
Investment Opportunities and Potential
Nakusp’s real estate market presents appealing investment opportunities given its steady population influx and consistent property value appreciation. Investors looking towards the single-family home segment can anticipate continued appreciation due to limited supply and growing demand. The year-over-year increase in median house prices suggests that investments made now could yield positive returns in the medium to long term.
Apartments offer a more accessible entry point for investors, with a lower median price point yet still showcasing positive growth trends. Rental properties, particularly in the apartment sector, may be attractive due to Nakusp’s expanding population and potential for rental yield growth.
In addition to residential real estate, commercial properties could also benefit from the town’s population increase, as new residents can drive demand for services and retail spaces.
Future Market Outlook
The future outlook for Nakusp’s real estate market remains optimistic. Population growth is anticipated to persist which will likely continue to underpin housing demand. If current economic conditions hold and interest rates remain conducive to mortgage acquisition, one can expect the market to maintain its upward trajectory.
The modest yet consistent increase in property values speaks to an underlying resilience in the local market that may protect against sharp downturns experienced elsewhere during economic uncertainties. Investors and homebuyers alike should monitor local development plans and infrastructure investments as these factors could further enhance property values and quality of life in Nakusp.
As with any real estate investment, potential buyers and investors should conduct thorough research or consult with local real estate professionals before committing to transactions.
