Skoonka, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Skoonka, British Columbia, is currently experiencing steady growth. The median house price sits at $525,000, indicating a 4.2% increase year-over-year. This consistent rise suggests a healthy demand for housing in the area. The apartment market is also showing growth, albeit at a slightly slower pace, with the median apartment price reaching $315,000 and observing a 2.5% year-over-year increase. The population of Skoonka has reached 15,500 residents, growing at a rate of 3.3%, which may continue to drive housing demand as new residents seek accommodation.
Investment Opportunities and Potential
With both housing and apartment prices on an upward trajectory, Skoonka presents attractive investment opportunities for real estate investors. The town’s robust population growth implies potential for rental properties due to an increasing number of residents looking for homes. Furthermore, the moderate yet steady price increases suggest that investments in real estate could yield favorable returns over time without the volatility seen in some overheated markets. Investors should consider both single-family homes and apartment complexes as viable options to capitalize on Skoonka’s expanding population and housing demand.
Future Market Outlook
The future outlook for Skoonka’s real estate market appears promising based on current trends and demographic data. If population growth continues at its current pace or accelerates, the demand for housing is likely to sustain or even increase the upward pressure on property prices. Market conditions suggest that if the local economy remains stable or improves, and infrastructure development keeps pace with population growth, Skoonka could maintain its trajectory of becoming an increasingly desirable location for both living and investing in real estate.
