Sechelt, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $799,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $425,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $650,000 |
| 3 bedrooms | $799,000 |
| 4 bedrooms | $950,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $375,000 |
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| 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
The real estate market in Sechelt, British Columbia, presents a landscape of gradual growth and stabilization. With the median house price currently standing at $799,000, the market has witnessed a 4% year-over-year increase. This steady uptick reflects a consistent demand for residential properties in the area. Meanwhile, the apartment sector is also experiencing growth with the median apartment price at $425,000, marking a 2.5% year-over-year rise. The moderate pace of growth across both housing types indicates a balanced market that is accessible yet appreciating in value.
Investment Opportunities and Potential
For investors seeking opportunities within Sechelt’s real estate market, there is potential for both short-term gains and long-term appreciation. Given the current trends, investing in residential properties could be advantageous due to the steady appreciation in home values. The 4% increase in house prices suggests that single-family homes are particularly desirable assets. Furthermore, with a population of approximately 16,000 and a noticeable population growth rate of 3.2%, demand for housing is likely to remain strong, bolstered by demographic expansion.
Future Market Outlook
The future market outlook for Sechelt’s real estate remains optimistic. Considering the continuous population growth coupled with steady price increases, we can anticipate sustained demand for housing. The area’s attractiveness as a living destination may contribute to a resilient local economy and further real estate developments. However, prospective investors and current homeowners should remain attentive to broader economic indicators and regional development plans that may affect property values.
