Quesnel, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| 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 Quesnel, British Columbia, is currently experiencing a stable increase in property values. The median house price stands at $485,000, which reflects a year-over-year growth of 3.2%. This steady growth indicates a healthy demand for housing in the area. Similarly, the median apartment price has reached $295,000, with a slightly lower year-over-year increase of 2.5%. The moderate price trend for apartments suggests an accessible market for first-time buyers and investors looking for smaller properties.
Investment Opportunities and Potential
Quesnel’s real estate market holds promising investment opportunities due to its steady growth and affordable property prices compared to larger metropolitan areas. The city’s population has grown by 3.4%, reflecting an influx of new residents and potential homebuyers—a positive indicator for investors considering rental properties or developments.
The consistent rise in housing prices may present a lucrative opportunity for long-term capital appreciation. Additionally, the demand for apartments suggests a growing rental market that could be advantageous for those looking to invest in multi-family units or purpose-built rental buildings.
Future Market Outlook
The future outlook of Quesnel’s real estate market appears optimistic. With the current population growth rate at 3.4%, it is likely that the demand for housing will continue to rise, potentially leading to further increases in property values over time. The market’s current trajectory suggests that investing in Quesnel could yield positive returns as the city continues to develop and attract new residents.
However, investors should remain aware of broader economic factors that could impact the real estate sector, including interest rate changes, employment rates, and regional economic development initiatives that could either bolster or dampen growth prospects.
