Othello, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $390,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $605,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 Othello, British Columbia, is experiencing steady growth with the median house price currently standing at CAD $495,000, reflecting a moderate year-over-year increase of 3%. Similarly, the apartment sector has witnessed a 2% year-over-year price increment with a median price point of CAD $295,000. These trends indicate a stable market with consistent demand for housing. Othello’s population has grown by 4.8%, suggesting a robust demographic push that could further sustain the demand for real estate in the area. This population growth is likely contributing to the sustained property values and gradual price increases seen in the housing market.
Investment Opportunities and Potential
The investment potential in Othello’s real estate market is promising given the continuous population growth and stable price appreciation. Entry-level properties such as apartments offer an accessible investment opportunity at a median price of $295,000 and may appeal to investors looking for lower-risk investments or those aiming to cater to first-time homebuyers or smaller households.
Furthermore, the steady increase in house prices suggests that investing in residential properties could yield solid returns for mid to long-term investors. Othello’s growing population implies a sustained or increasing demand for housing which should underpin investment in both rental properties and developments aimed at owner-occupiers.
Future Market Outlook
The outlook for Othello’s real estate market remains positive. The demonstrated growth in property values coupled with an expanding population base lays the groundwork for a healthy real estate environment moving forward. Assuming no major economic disruptions occur, the market is expected to maintain its current trajectory of modest but stable growth.
The observed trends are likely to continue supporting incremental price gains across both houses and apartments. Investors and homeowners can expect to see continued appreciation in their property values if these trends persist. Additionally, as new residents move into the area, demand for various types of housing—from starter apartments to family homes—should remain strong.
