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Fairmont Hot Springs, BC

Updated: Aug 2016
House
Median price $434,000
Monthly growth 27.83 %
Quarterly trend
Stock on market 1.07%
Apartment
Median price $304,900
Monthly growth -7.57 %
Quarterly trend
Stock on market 0.16%

Fairmont Hot Springs Home Price

Across the country as a whole, Fairmont Hot Springs is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for British Columbia is $519,000 , which means that Fairmont Hot Springs’s median price is $434,000 considerably better than the rest of the province.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Fairmont Hot Springs has more than the average number to choose from compared to the rest of the province

When we look at the data we have, it can help with trying to establish whether or not Fairmont Hot Springs is a good investment target.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Fairmont Hot Springs, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 38, this month we show 40.

The median asking price in Fairmont Hot Springs is $304,900, a substantial increase over the median three months ago which was $299,700 .

In Aug the median listed house price of $304,900 in Fairmont Hot Springs was an above average compared to the rest of British Columbia.

In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 3.

Will prices rise across the next year in in Fairmont Hot Springs? There are a number of real estate indicators to consider.

Over the last three months in Fairmont Hot Springs, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Find a mortgage broker in Fairmont Hot Springs, BC
Beds Median price (House) Median price (Apartment)
2 bedrooms $249,000 $259,000
3 bedrooms $409,000 $399,000
4 bedrooms $467,000
5 bedrooms $589,500
6 bedrooms $428,500
Demographics
  • Population in 20112635
  • Population in 20062939
  • 2006 to 2011 population change (%)-10.3
  • Total private dwellings3727
  • Private dwellings occupied by usual residents1110
  • Population density per square kilometre0.4
  • Land area (square km)6096.54

Age Characteristics

Total population by age groups 2635
0 to 4 years 85
5 to 9 years 110
10 to 14 years 135
15 to 19 years 160
15 years 35
16 years 45
17 years 25
18 years 25
19 years 35
20 to 24 years 120
25 to 29 years 125
30 to 34 years 100
35 to 39 years 120
40 to 44 years 160
45 to 49 years 175
50 to 54 years 255
55 to 59 years 265
60 to 64 years 280
65 to 69 years 215
70 to 74 years 165
75 to 79 years 105
80 to 84 years 55
85 years and over 20
Median age of the population 51
% of the population aged 15 and over 87.7

Marital Status

Total population 15 years and over by marital status 2310
Married or living with a common-law partner 1645
Married (and not separated) 1405
Living common-law 235
Not married and not living with a common-law partner 665
Single (never legally married) 425
Separated 40
Divorced 105
Widowed 85

Family Characteristics

Total number of census families in private households 870
Size of census family: 2 persons 580
Size of census family: 3 persons 125
Size of census family: 4 persons 115
Size of census family: 5 or more persons 50
Total number of census families in private households 870
Total couple families by family structure and number of children 815
Married couples 695
Without children at home 455
With children at home 240
1 child 90
2 children 100
3 or more children 45
Common-law couples 120
Without children at home 85
With children at home 35
1 child 20
2 children 15
3 or more children 5
Total lone-parent families by sex of parent and number of children 60
Female parent 40
1 child 25
2 children 15
3 or more children 0
Male parent 15
1 child 10
2 children 5
3 or more children 0
Total children in census families in private households 565
Under six years of age 95
6 to 14 years 225
15 to 17 years 100
18 to 24 years 100
25 years and over 45
Average number of children at home per census family 0.7

Household And Dwelling Characteristics

Total number of persons in private households 2615
Number of persons not in census families 370
Living with relatives 25
Living with non-relatives only 135
Living alone 205
Number of census family persons 2245
Average number of persons per census family 2.6
Total number of persons 65 years and over in private households 550
Number of persons not in census families aged 65 years and over 100
Living with relatives 10
Living with non-relatives only 0
Living alone 85
Number of census family persons aged 65 years and over 450
Total number of private households by household type 1110
Census-family households 855
One-family-only households 795
Couple-family households 750
Without children 510
With children 245
Lone-parent-family households 45
Other family households 60
One-family households with persons not in a census family 40
Couple-family households 35
Without children 15
With children 20
Lone-parent-family households 5
Two-or-more-family households 15
Non-census-family households 255
One-person households 210
Two-or-more-person households 50
Total number of occupied private dwellings by structural type of dwelling 1110
Single-detached house 955
Apartment, building that has five or more storeys 0
Movable dwelling 45
Other dwelling 115
Semi-detached house 35
Row house 30
Apartment, duplex 5
Apartment, building that has fewer than five storeys 40
Other single-attached house 0
Total number of private households by household size 1110
1 person 210
2 persons 580
3 persons 135
4 persons 125
5 persons 40
6 or more persons 20
Number of persons in private households 2615
Average number of persons in private households 2.4

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