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Sechelt, British Columbia Real Estate Market Data

Updated: Nov 2024

House

Median price $550,000
Monthly growth 1.1%
Quarterly trend 4.2%
Stock on market 0.6%

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 $480,000
3 bedrooms $550,000
4 bedrooms $650,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $360,000
3 bedrooms $450,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 15,000
Population Change 3.3%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Sechelt Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Sechelt, British Columbia, currently presents a scenario of consistent growth. The median house price stands at $550,000, which marks a year-over-year increase of 4.2%. This indicates a steady demand for detached homes in the area. Meanwhile, the median apartment price is at $320,000, with a slower growth rate of 2.5% year-over-year. This disparity in growth rates may suggest a higher demand for single-family homes compared to apartments.

The population of Sechelt has grown by 3.3%, taking the total to approximately 15,500 residents. This growth can contribute to increased housing demand, particularly from those seeking the lifestyle that Sechelt offers. The current trends indicate a healthy and robust local real estate market with continued potential for growth.

Investment Opportunities and Potential

Considering the stable increase in property values, Sechelt offers promising investment opportunities, especially in the single-family home segment which has experienced a higher appreciation rate. With median prices for houses still accessible at $550,000, investors have the potential for solid capital gains based on recent trends.

The apartment sector presents an opportunity for those looking to enter the market at a more affordable level or cater to residents preferring lower-maintenance living spaces or downsizing options. Given the overall positive trajectory of the local real estate market and demographic trends, rental properties could also offer steady income streams for investors.

Future Market Outlook

The future outlook for Sechelt’s real estate market remains optimistic. The consistent population growth paired with rising property values suggests that demand will continue to support real estate investments in the area. If current trends persist, both housing and apartment segments are expected to see further price increases, albeit possibly at different rates.

The influx of new residents may continue due to Sechelt’s appealing lifestyle and proximity to larger urban centers like Vancouver. As long as economic conditions remain favorable and no significant changes disrupt local industry or employment levels, Sechelt’s real estate market should maintain its upward trajectory.