Tahsis, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tahsis, British Columbia, is currently characterized by moderate growth. With a median house price of $500,000 and an appreciative trend of 3.5% year-over-year, the market is showing healthy and sustainable growth. Similarly, the median apartment price stands at $300,000 with a slower appreciation rate of 2.1% year-over-year. These statistics indicate a stable market that has been able to maintain consistent growth.
Given the population of Tahsis which numbers 15,000 inhabitants and has experienced a significant growth of 7.1%, there is increased demand for housing which is likely contributing to the steady rise in property values. This growing population points towards a vibrant local economy with potential for further real estate development.
Investment Opportunities and Potential
The investment opportunities in Tahsis are promising due to the steady growth in property values and a burgeoning population. The year-over-year increase in median house prices suggests that investments in residential properties could lead to capital gains over time. Furthermore, as the populace continues to expand, demand for housing will likely increase—presenting potential rental income opportunities for investors. Apartments seem particularly appealing given their more accessible price point and positive appreciation trend.
Investors should also take note of local economic initiatives and developments that could boost property values further or create new opportunities within the Tahsis real estate market.
Future Market Outlook
The outlook for Tahsis’s real estate market appears optimistic. Population growth is a strong indicator of future demand for housing which may continue to drive property prices upward. Assuming current trends persist, investors can expect ongoing appreciation in both house and apartment prices though at a modest pace ensuring stability in the market.
However, it is important for investors to monitor factors such as interest rates, employment rates, and regional economic health which could impact the real estate market’s trajectory.
In conclusion, Tahsis offers sound investment potential characterized by stable growth, an expanding population base, and a positive long-term outlook for the real estate market.
