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Woss, 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






Woss, British Columbia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Woss, British Columbia currently presents a stable growth trend with the median house price standing at $500,000, reflecting a year-over-year increase of 3.5%. This increment is indicative of a healthy demand in the housing sector. Similarly, apartments in Woss have seen a growth trend with the median price at $300,000, which marks a 2.1% year-over-year rise.

The population of Woss has reached approximately 15,000 residents, with a significant population growth rate of 7.1%. This demographic expansion underpins the demand for housing and suggests a robust local economy that could sustain further real estate development and investment.

Investment Opportunities and Potential

The positive trends in both housing and apartment markets signal promising investment opportunities in Woss. With house prices experiencing a moderate yet steady increase, investors might find the current market conditions favorable for long-term capital gains. The consistent rise in apartment prices also points to potential for rental property investments, particularly when considering the growing population which could translate into sustained rental demand.

Given the steady population growth, there is room for new development projects to meet the increasing housing needs. Investors may find particular potential in mid-range residential properties that align with the median price points observed in the market.

Future Market Outlook

The future outlook for Woss’s real estate market remains optimistic. The ongoing population growth is likely to continue fueling demand for both houses and apartments. If current trends persist, property values are expected to maintain their upward trajectory.

The local government’s stance on development and infrastructure improvements will be critical factors influencing the market’s direction. Assuming supportive policies are implemented, Woss could see enhanced attractiveness as a residential area, which would further bolster real estate values.

In conclusion, stakeholders including homebuyers, sellers, and investors should monitor demographic trends closely as well as stay informed on municipal developments that could impact the real estate landscape in Woss.