Amherstview, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Amherstview, Ontario
The real estate market in Amherstview, Ontario, is currently experiencing a period of steady growth. The median house price in the area stands at $500,000 with a year-over-year increase of 3.5%. This suggests a healthy demand for housing and a robust local economy that could be supporting the price growth. Similarly, the median apartment price has reached $300,000, with a slower yet positive year-over-year appreciation of 2.1%. This differential in growth rates between houses and apartments may indicate a stronger preference among buyers for single-family homes, possibly due to lifestyle choices or perceived value.
With a population of 15,000 that has risen by 7.1%, Amherstview is evidently attracting new residents at a significant rate. This influx is likely contributing to the demand for housing and can be seen as a contributing factor to the steady increase in property values. The sustained population growth also suggests that the town’s infrastructure, amenities, and employment opportunities are keeping pace with the needs of its growing community.
Investment Opportunities and Potential in Amherstview
The current trends in Amherstview’s real estate market provide several avenues for potential investment. Given the sustained increase in property values, investors might find long-term capital gains by purchasing residential properties now to benefit from future appreciation. Specifically, single-family homes seem to have higher appreciation rates which could translate into more substantial returns over time.
Moreover, with the consistent population growth, there could be an opportunity for developing new housing projects or renovating existing properties to cater to the increasing demand. Investors should also consider the rental market’s potential; as new residents may look for temporary housing before purchasing homes, there can be a ripe market for rental properties offering immediate cash flow benefits.
Future Market Outlook for Amherstview
Looking forward, the real estate market in Amherstview appears promising. If current trends continue—particularly with respect to population growth and economic stability—the demand for housing is likely to remain strong or even increase. Barring any unforeseen economic downturns or shifts in demographic trends, both house and apartment prices might be expected to continue their gradual ascent.
Investors and potential homebuyers should keep an eye on developments within the local economy such as new business openings or expansions of existing businesses that might draw more people into the area. Additionally, government policies influencing mortgage rates or property taxes could also significantly impact future market conditions.
In conclusion, while cautious optimism seems warranted based on current data and trends, stakeholders should monitor key indicators closely to make informed decisions in Amherstview’s dynamic real estate environment.
