Sardis, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Sardis, BC
The real estate market in Sardis, British Columbia, is currently experiencing steady growth. With a median house price of $525,000 and a year-over-year increase of 4.2%, the housing market is showing resiliency in the face of economic fluctuations. Similarly, the apartment sector has seen a more modest growth with a median price of $320,000 and a 2.5% year-over-year uptick. This level of appreciation indicates a healthy demand for housing in the area.
The population in Sardis has grown by 3.3%, suggesting a burgeoning community that could further drive demand for real estate. The continuous influx of residents may be attributed to Sardis’s appeal as a residential destination with its quality of life, natural beauty, and proximity to major economic hubs.
Investment Opportunities and Potential in Sardis, BC
Investment opportunities in Sardis are promising due to several factors. The consistent appreciation in house and apartment prices signals a strong and stable market that could offer reliable returns on investment over time. For those looking to invest in rental properties, the population growth indicates an expanding pool of potential tenants.
Moreover, as more people seek out communities like Sardis for their balance of urban amenities and rural charm, there may be untapped potential in developing or refurbishing properties to cater to this growing demographic. The solid price trends suggest that investing now could be advantageous before the market appreciates further.
Future Market Outlook for Sardis, BC
The future market outlook for Sardis appears positive. With ongoing population growth and strong economic indicators within the real estate market, we can anticipate continued demand for housing. If current trends persist, property values are likely to keep rising at a steady pace.
However, potential investors and homebuyers should remain vigilant about broader economic conditions that could affect interest rates and borrowing costs. Keeping an eye on regional development plans and infrastructure investments will also provide insights into areas poised for significant growth or transformation.
In conclusion, Sardis offers an attractive blend of investment stability and growth potential based on current trends and demographic factors influencing the market. As with any investment decision, due diligence and staying abreast of local developments are key to making informed choices in this dynamic market.
