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Wasa, 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





Wasa, British Columbia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Wasa, British Columbia, is currently experiencing a period of moderate growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing signs of steady demand for single-family homes. Similarly, the apartment sector, with a median price of $300,000, has witnessed a more conservative year-over-year increase of 2.1%. This suggests that while there is growth across the board, buyers are slightly more inclined towards purchasing houses over apartments.

The population of Wasa has reached 15,000 individuals and is on the rise with a robust growth rate of 7.1%. This demographic expansion is likely contributing to the demand for housing and can be expected to continue fueling the real estate market in both sales volume and price support.

Investment Opportunities and Potential

Given the positive trends in population growth combined with consistent property value appreciation, Wasa presents promising investment opportunities for both residential and rental properties. The steady increase in housing prices indicates a sustained investor confidence and a potential for continued capital gains over the long term.

Investors might particularly be interested in the single-family home market due to its higher annual appreciation rate. However, apartments should not be overlooked as they offer a more accessible entry point into real estate investment and may appeal to a significant portion of the population looking for more affordable housing options or rental accommodations.

Future Market Outlook

Looking ahead, Wasa’s real estate market appears poised for continued growth. The key driver behind this outlook is the robust population growth that not only creates an immediate demand for housing but also bodes well for future economic development in the region. As more people move to Wasa, it’s reasonable to expect that infrastructure developments, job creation, and community investments will follow suit.

If current trends persist, property values are likely to maintain their upward trajectory, albeit at moderate rates. This creates an optimistic environment for both homeowners looking to build equity over time and investors seeking assets with stable appreciation potential.

In summary, Wasa’s real estate market holds favorable conditions for buyers looking to invest in a growing community with strong foundational metrics. Continued monitoring of economic indicators and demographic shifts will be essential in reassessing market dynamics regularly.