Sirdar, 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 | $315,000 |
| 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 | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Sirdar, British Columbia is currently experiencing steady growth. With a median house price of $525,000, the market has observed a year-over-year increase of 4.2%. Meanwhile, the median apartment price stands at $315,000, which has risen by 2.5% from the previous year.
This indicates a healthy demand for housing in the area that is reflective of both single-family homes and apartments. The local population of 15,500 has grown by 3.3%, suggesting an influx of new residents and potential homebuyers.
Investment Opportunities and Potential
For investors considering Sirdar’s real estate market, there are promising opportunities to be found. The consistent rise in property values, as evidenced by the house price trend, indicates a solid investment potential for purchasing residential properties. Furthermore, as the population continues to grow at a rate of 3.3%, rental demand is likely to increase, presenting an opportunity for those looking to invest in rental properties or apartment complexes.
The steady growth in apartment values also suggests that smaller-scale investments remain attractive options within this market.
Future Market Outlook
Looking ahead, Sirdar’s real estate market is poised for continued growth. The sustained population increase will likely fuel ongoing demand for housing. Given the current trends, it would not be surprising to see both house and apartment prices continue to climb at a stable rate. This suggests that investments made now could yield favorable returns over the medium to long term.
Additionally, infrastructure developments and economic initiatives within the region may further bolster property values and investment attractiveness in the future.
