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Silverton, British Columbia Real Estate Market Data

Updated: Nov 2024

House

Median price $550,000
Monthly growth 1.0%
Quarterly trend 4.0%
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 $450,000
3 bedrooms $550,000
4 bedrooms $650,000

Apartments

Bedrooms Median Price
1 bedrooms $270,000
2 bedrooms $360,000
3 bedrooms $480,000

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) 1.7
Land Area (km²) 2,500.5

Market Analysis






Silverton, British Columbia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Silverton, British Columbia is currently experiencing a period of steady growth. The median house price stands at $550,000, with an annual increase of 4%. This trend suggests a healthy demand for housing in the area, possibly driven by the attractive features of the community and its surrounding environment. Similarly, the median apartment price has reached $320,000, reflecting a year-over-year increase of 2.5%. The relatively slower growth rate for apartments could indicate a market preference towards single-family homes or might reflect a saturation in the apartment sector.

With a population of 15,500 and a robust population growth rate of 3.3%, Silverton is likely to continue seeing an influx of residents seeking housing. This demographic trend is expected to maintain or potentially increase the demand for real estate in both the private home and apartment markets.

Investment Opportunities and Potential

Considering the stable year-over-year price increases for houses and apartments, investing in Silverton’s real estate market presents itself as an attractive opportunity. The consistent population growth also indicates that there will be a sustained demand for rental properties, making buy-to-rent investments particularly appealing. Moreover, with prices still relatively moderate compared to larger urban centers, Silverton offers investment opportunities with potential for capital appreciation and favorable rental yields.

Potential investors should also note the diversity within Silverton’s property market. New developments and existing properties present various investment options catering to different budget levels and investment strategies, from flipping properties to long-term rental income generation.

Future Market Outlook

The future outlook for Silverton’s real estate market remains optimistic based on current trends and demographic data. The consistent population growth serves as a strong indicator that housing demand will persist, likely leading to continued appreciation in property values. Should this trend align with broader economic stability and supportive local policies, Silverton could see its real estate market thrive even further.

In addition to residential growth, investors should monitor any commercial developments which could enhance local infrastructure and amenities—factors that typically contribute positively to real estate values. However, as with any investment, potential changes in interest rates, employment figures, and provincial economic policies should be considered when forecasting long-term property market performance.

In conclusion, Silverton’s real estate market demonstrates solid growth prospects backed by strong fundamentals. Prudent investors who conduct thorough due diligence may find rewarding opportunities in this burgeoning British Columbian community.