Sirdar, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| 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 | $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 | 5,700 |
| 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 exhibiting stable growth with a median house price currently sitting at $525,000, reflecting a year-over-year increase of 4%. This consistent appreciation indicates a healthy demand for residential properties. The market for apartments is also showing positive momentum, with the median apartment price reaching $320,000, and a slightly lower year-over-year price increase of 2.5%. The population growth of 3.3% in the area suggests that Sirdar is becoming an increasingly attractive place to live, which could further bolster housing demand.
Investment Opportunities and Potential
The steady growth in property values coupled with the ongoing population increase points towards promising investment opportunities in Sirdar’s real estate market. Investors can potentially benefit from both property value appreciation and rental income in this market. The moderate yet consistent growth rates in housing prices suggest that investments might carry lower risk compared to markets with more volatile pricing. With a growing population, currently at 15,500, demand for rental properties is likely to rise, which could result in favorable rental yields for investors.
Future Market Outlook
The future outlook for Sirdar’s real estate market appears optimistic based on current trends and demographic data. Continued population growth will likely sustain demand for housing and could lead to increased investment in infrastructure and amenities by the local government. These developments may further enhance the desirability of the area and have a positive impact on property values over time. Assuming that economic conditions remain stable and interest rates are managed effectively, Sirdar’s real estate market could maintain its upward trajectory in the medium to long term.
