Amberley, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Amberley real estate market currently shows a stable growth trend. With the median house price at $485,000 and a year-over-year increase of 4%, the market is experiencing consistent appreciation. Similarly, the median apartment price stands at $295,000, following a slightly lower but steady increase of 2.5% over the past year.
This growth can be partially attributed to Amberley’s population which has been on an upward trajectory with a 3.4% growth rate. This demographic expansion suggests increased demand for housing and contributes to the sustained uptick in property values.
Investment Opportunities and Potential
The positive trends in Amberley’s real estate market present diverse investment opportunities. The steady increase in property values offers potential for both short-term gains through property flipping and long-term investments via rental properties.
Given the current population growth, there is a foreseeable need for more residential units, making new construction projects particularly appealing. Additionally, the slower yet consistent rise in apartment prices indicates that multi-unit residential buildings could be a sound investment choice for those looking to cater to individuals or smaller households who prefer apartment living.
Future Market Outlook
Moving forward, the outlook for Amberley’s real estate market remains optimistic. The solid population growth rate should continue to fuel demand for housing, potentially leading to further increases in both house and apartment prices.
Should these trends persist, investors can anticipate ongoing appreciation in property values. However, it is essential to monitor economic indicators and local developments closely as they can significantly influence market dynamics.
