Squamish, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Apartment
| Median price | $575,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $500,000 |
| 2 bedrooms | $600,000 |
| 3 bedrooms | $700,000 |
Demographics
| Current Population (2024) | 21,000 |
| Previous Population (2019) | 20,500 |
| Population Change | 2.4% |
| Total Private Dwellings | 8,000 |
| Occupied Private Dwellings | 7,400 |
| Population Density (per km²) | 2.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Squamish, British Columbia, is currently experiencing stable growth. With a median house price of $950,000 showing a year-over-year increase of 4%, the market indicates healthy demand for residential properties. Similarly, apartments are seeing a more moderate appreciation with the median price now at $575,000 and following a 2.5% year-over-year upward trend.
This steady growth in property values can be attributed to several factors including Squamish’s natural beauty, proximity to major urban centers like Vancouver, and its appeal as an outdoor recreation hub. The local housing market is being driven by both local buyers looking to settle in the area and investors seeking properties in locations with increasing popularity.
Investment Opportunities and Potential
Investors considering Squamish will find potential in both the single-family home segment and the apartment market. The consistent growth in property values suggests that investing in Squamish real estate could yield solid returns over time. Given the current median prices, there appears to be room for growth especially when factoring in Squamish’s lifestyle appeal and its draw for those seeking a balance between urban amenities and outdoor living.
The population of Squamish has been growing at a rate of 2.4%, which is likely to sustain demand for housing. This demographic trend supports both rental and resale markets as more individuals and families move into the area. Investors might also consider opportunities arising from development projects geared toward accommodating this population increase or targeting niche markets such as luxury properties or eco-friendly homes.
Future Market Outlook
Looking forward, the future market outlook for Squamish appears positive. Population growth is set to continue as more people discover Squamish’s unique lifestyle offering. This demographic trend should support ongoing demand for housing, potentially driving further price increases across both houses and apartments.
However, investors should also be cognizant of broader economic conditions that could impact interest rates, lending practices, and overall affordability which may affect buyer sentiment and activity levels. Given these considerations alongside current trends, the real estate market in Squamish is poised for continued but measured growth over the coming years.
