Youbou, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
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 | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Youbou, British Columbia, is currently experiencing a period of steady growth. With a median house price of $525,000 and an annual increase of 4%, the residential sector shows signs of sustained demand. The median apartment price stands at $320,000, following a slightly more modest year-over-year trend at 2.5%. This growth can be attributed to Youbou’s appealing location and community offerings, which continue to attract homebuyers and investors alike.
Investment Opportunities and Potential
For investors considering the Youbou real estate market, there are several opportunities to explore. The consistent increase in property values indicates a healthy investment environment. Single-family homes present a solid option with their 4% growth rate, while apartments offer a more accessible entry point at $320,000 with a steady appreciation rate. As the population grows at a rate of 3.3%, demand for housing is expected to remain strong, potentially driving further increases in property values and rental rates over time.
Future Market Outlook
Looking ahead, the Youbou real estate market seems poised for continued growth. The positive population trend with an increase of 3.3% suggests that the area will become increasingly attractive for both residents and investors. If current economic conditions persist and the desirability of Youbou maintains its momentum, we can expect ongoing appreciation in property values. However, potential buyers and investors should also keep an eye on broader economic indicators and local developments that could impact future market conditions.
