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
The real estate market in Amherstview, Ontario currently presents a stable environment with moderate growth. The median house price in the region is $500,000, which reflects a year-over-year increase of 3.5%. This steady uptick in prices indicates a healthy demand for residential properties. Similarly, apartments are also experiencing growth, albeit at a slower pace, with the median price sitting at $300,000 and a trend of 2.1% year-over-year increase. Such trends suggest balanced market conditions that are neither too hot nor too cold, allowing for predictable investment planning and decision-making.
Investment Opportunities and Potential
The real estate market in Amherstview offers promising investment opportunities. The population growth of 7.1%, well above the national average, signals an expanding community with increasing housing needs. Investors can potentially benefit from both capital appreciation and rental income due to the growing demand. Single-family homes, given their higher price appreciation rate, may offer better long-term capital gains. On the other hand, apartments could be a more accessible entry point for investors and might provide a steadier cash flow through rentals due to their lower price point and rising popularity among smaller households.
Future Market Outlook
The future outlook for Amherstview’s real estate market remains optimistic. With a robust population growth rate of 7.1% indicating continued demand for housing, the market should maintain its upward trajectory in terms of property values. However, investors should be mindful of broader economic factors such as interest rates and employment levels that could influence purchasing power and overall demand within the market. Nevertheless, as long as the local economy remains stable and the population continues to grow, Amherstview’s real estate is poised for sustained growth offering attractive opportunities for both homebuyers and investors alike.
