Trail, 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 | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $480,000 |
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 Trail, British Columbia, currently showcases a median house price of $525,000, with a progressive year-over-year increase of 4%. This growth indicates a healthy demand for housing in the area. The median apartment price stands at $320,000, experiencing a more modest year-over-year appreciation of 2.5%. These trends suggest that both segments of the housing market are experiencing steady growth.
The population of Trail has increased by 3.3%, underpinning the demand for residential properties. The positive population growth can be attributed to Trail’s appealing lifestyle and potential economic opportunities which may be drawing new residents to the area.
Investment Opportunities and Potential
The consistent growth in real estate values presents an attractive landscape for investors. Single-family homes have shown stronger appreciation, making them potentially lucrative investments for those looking to capitalize on capital gains over time. However, apartments with a lower entry price point offer an accessible opportunity for those seeking to invest in rental properties or enter the housing market.
Trail’s growing population suggests that there will be a continued need for housing, supporting the rental market and providing investors with the potential for stable rental income streams. Investors should note that while current trends are favorable, it is essential to consider long-term economic factors such as employment rates and local industry health when evaluating potential investments.
Future Market Outlook
The future market outlook for Trail, British Columbia remains optimistic given current trends and underlying demographic shifts. Assuming consistent population growth and economic stability within the region, demand for housing is likely to persist, supporting further property value appreciation.
The ongoing development and diversification of local industries could contribute positively to job creation and economic resilience, creating a robust foundation for real estate investment success. However, investors and homebuyers alike should monitor economic indicators closely as shifts in interest rates, employment statistics, and regional development plans can impact future real estate market performance.
