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Wells, BC

Updated: Aug 2016
House
Median price $378,450
Monthly growth 24.12 %
Quarterly trend
Stock on market 3.28%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Wells Home Price

The $378,450 price tag on the median Wells home means that it is quite highly priced by Canadian standards.

If you’re looking at investment properties in Wells, then you’re most likely to find homes with 3 bedrooms on sale this month.

There are 359 neighbourhoods that have more properties on sale than Wells at the moment in British Columbia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

Can we guarantee how well Wells is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

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 Wells, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 5, this month we show 6.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Wells will hopefully provide an indicator to help you where to research in-depth

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Find a mortgage broker in Wells, BC
Beds Median price (House) Median price (Apartment)
3 bedrooms $377,000
Demographics
  • Population in 2011245
  • Population in 2006236
  • 2006 to 2011 population change (%)3.8
  • Total private dwellings183
  • Private dwellings occupied by usual residents129
  • Population density per square kilometre1.5
  • Land area (square km)158.28

Age Characteristics

Total population by age groups 245
0 to 4 years 15
5 to 9 years 10
10 to 14 years 5
15 to 19 years 0
15 years 0
16 years 0
17 years 5
18 years 0
19 years 0
20 to 24 years 10
25 to 29 years 15
30 to 34 years 20
35 to 39 years 10
40 to 44 years 10
45 to 49 years 20
50 to 54 years 35
55 to 59 years 30
60 to 64 years 25
65 to 69 years 20
70 to 74 years 10
75 to 79 years 0
80 to 84 years 5
85 years and over 0
Median age of the population 49.9
% of the population aged 15 and over 86.5

Marital Status

Total population 15 years and over by marital status 210
Married or living with a common-law partner 125
Married (and not separated) 75
Living common-law 50
Not married and not living with a common-law partner 90
Single (never legally married) 45
Separated 10
Divorced 30
Widowed 5

Family Characteristics

Total number of census families in private households 65
Size of census family: 2 persons 40
Size of census family: 3 persons 15
Size of census family: 4 persons 10
Size of census family: 5 or more persons 0
Total number of census families in private households 65
Total couple families by family structure and number of children 60
Married couples 35
Without children at home 25
With children at home 15
1 child 10
2 children 5
3 or more children 0
Common-law couples 25
Without children at home 15
With children at home 5
1 child 5
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 5
Female parent 5
1 child 5
2 children 0
3 or more children 0
Male parent 0
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 40
Under six years of age 20
6 to 14 years 15
15 to 17 years 0
18 to 24 years 5
25 years and over 0
Average number of children at home per census family 0.6

Household And Dwelling Characteristics

Total number of persons in private households 240
Number of persons not in census families 75
Living with relatives 0
Living with non-relatives only 15
Living alone 60
Number of census family persons 165
Average number of persons per census family 2.5
Total number of persons 65 years and over in private households 35
Number of persons not in census families aged 65 years and over 15
Living with relatives 0
Living with non-relatives only 0
Living alone 20
Number of census family persons aged 65 years and over 15
Total number of private households by household type 130
Census-family households 65
One-family-only households 60
Couple-family households 55
Without children 35
With children 20
Lone-parent-family households 0
Other family households 0
One-family households with persons not in a census family 0
Couple-family households 0
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 5
Non-census-family households 65
One-person households 60
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 130
Single-detached house 90
Apartment, building that has five or more storeys 0
Movable dwelling 5
Other dwelling 35
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 35
Other single-attached house 0
Total number of private households by household size 125
1 person 60
2 persons 45
3 persons 15
4 persons 5
5 persons 5
6 or more persons 0
Number of persons in private households 240
Average number of persons in private households 1.9

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