Zeballos, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Zeballos, British Columbia is currently characterized by moderate growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing signs of steady appreciation. Similarly, the median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This indicates a healthy demand for housing in the area.
The population of Zeballos has experienced significant growth at a rate of 7.1%, suggesting a burgeoning community that could be driving the housing demand. This demographic expansion may result in greater pressure on the housing stock, potentially leading to accelerated price growth for both houses and apartments in the future.
Investment Opportunities and Potential
Investment opportunities within Zeballos are promising due to the consistent rise in property values and the substantial population growth. The stable increase in house prices suggests that investments in residential real estate could yield solid returns over time.
Apartments offer an alternative investment route with a slightly lower capital entry point and a steady appreciation trend. Investors may also find potential in rental properties, given the population influx, which could ensure strong rental demand and potentially attractive yields.
Future Market Outlook
Looking ahead, the real estate market in Zeballos is poised for continued growth. The robust population increase coupled with consistent property value appreciation indicates a positive trajectory for both residential property owners and investors.
Barring any unforeseen economic events or shifts in local conditions, such as major policy changes or industry fluctuations, the market outlook remains optimistic. Stakeholders may expect to see sustained demand and further property value increases as the community expands and more individuals are drawn to Zeballos’s appealing lifestyle and opportunities.
