Sardis, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $750,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $400,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $600,000 |
| 3 bedrooms | $750,000 |
| 4 bedrooms | $900,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $350,000 |
| 2 bedrooms | $420,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2024) | 16,000 |
| Previous Population (2019) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Sardis, British Columbia is currently experiencing a steady increase in property values. The median house price stands at $750,000, reflecting a year-over-year growth of 4%. This growth indicates a stable market with consistent demand for housing. Similarly, the apartment sector has seen a rise in value, with the median apartment price at $400,000 and an annual appreciation rate of 2.5%. These figures suggest that both segments of the housing market are experiencing healthy growth.
The population of Sardis has reached approximately 16,000 residents, with a robust growth rate of 3.2%. This demographic expansion contributes to the sustained demand for housing in the area. The combination of population growth and rising property values points towards an active market with ongoing transactions and opportunities for both buyers and sellers.
Investment Opportunities and Potential
The real estate market in Sardis presents various investment opportunities. Given the steady increase in property values, long-term investments could yield significant returns as the market continues to grow. Investors looking to purchase residential properties would benefit from focusing on houses due to their higher appreciation rate compared to apartments.
In addition to purchasing properties for capital gains, there is potential for rental income as well. The increasing population may lead to higher demand for rental properties, making buy-to-let investments particularly attractive. With careful selection of location and property type, investors can capitalize on both rental yields and property value appreciation over time.
Future Market Outlook
The future market outlook for Sardis is positive, with expectations of continued growth. The ongoing population increase is likely to sustain demand for housing, which could keep driving property prices upward. If current trends persist, investors could see further appreciation in the value of both houses and apartments in the coming years.
However, potential investors should also be aware of external factors such as economic shifts, interest rates changes, and government policies that could impact the real estate market dynamics. It is recommended that those interested in the Sardis real estate market stay informed about local developments and broader economic indicators to make well-informed investment decisions.
