Tipella, 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 (2025) | 15,000 |
Previous Population (2020) | 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 Tipella, British Columbia is currently experiencing steady growth. The median house price stands at $500,000 with a year-over-year appreciation of 3.5%. This indicates a healthy market with consistent demand for single-family homes. The apartment sector is also showing positive movement, albeit at a slightly lower rate, with the median apartment price at $300,000 and an annual increase of 2.1%. These trends are reflective of a balanced market that is becoming increasingly attractive to both residents and investors.
Investment Opportunities and Potential
With a population of 15,000 that has grown by 7.1%, Tipella presents significant investment opportunities. The above-average population growth suggests an increasing demand for housing which may lead to higher occupancy rates and potential for rental income growth. Investors can capitalize on this upward trend by entering the market at current prices which have shown steady appreciation but still remain accessible compared to larger urban centers. The diversification between single-family homes and apartments offers multiple entry points for investment strategies whether focusing on long-term capital gains or rental yield.
Future Market Outlook
The future market outlook for Tipella’s real estate appears promising. With continued population growth and a stable economic environment, demand for housing is expected to remain strong, potentially pushing prices upward at a sustainable rate. The ongoing development in infrastructure and community amenities will likely bolster the attractiveness of the area further. Assuming these conditions persist, the market should maintain its current trajectory of growth providing opportunities for both homeownership and investment well into the future.