Amherstburg, Ontario 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 in Amherstburg, Ontario
In Amherstburg, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for residential properties and a stable investment environment. Meanwhile, apartments in Amherstburg are also witnessing growth, albeit at a slower pace, with the median price at $300,000 and a trend showing a 2.1% increase year-over-year.
The town’s population is on the rise as well, having grown by 7.1%, indicating an influx of new residents and potential homebuyers. This population growth can be attributed to Amherstburg’s appealing characteristics, such as its historic charm, community feel, and proximity to major urban centers while offering a more relaxed lifestyle.
Investment Opportunities and Potential in Amherstburg
With a growing population and consistent appreciation in property values, Amherstburg presents promising investment opportunities. The steady growth in median house prices reflects ongoing demand and suggests that investing in residential properties could yield positive returns over time. Moreover, the slower but positive growth in apartment prices indicates that there is potential for investment in multi-family units as well.
Investors should also consider the town’s development plans and demographic trends. As the population increases, there will likely be greater demand for various types of housing, including single-family homes, townhouses, and apartments to accommodate different demographics such as young professionals, families, and retirees seeking the quality of life that Amherstburg offers.
Future Market Outlook for Amherstburg Real Estate
The future market outlook for real estate in Amherstburg remains optimistic. Assuming the current trends continue, property values are expected to maintain their upward trajectory. The consistent growth in both house and apartment prices points towards a sustainable expansion of the real estate market.
The significant population growth suggests that demand for housing will continue to rise. This demographic trend provides a solid foundation for future real estate developments and investments. As long as economic conditions remain favorable — including low unemployment rates and stable interest rates — Amherstburg’s real estate market should continue to thrive.
In conclusion, investors can have reasonable confidence when considering real estate investments in Amherstburg due to its favorable market conditions and positive future outlook. However, it is always recommended to conduct thorough due diligence and consider local market nuances before making any investment decisions.
