Balderson, 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
The real estate market in Balderson, Ontario is currently experiencing stable growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area, which can be attributed to the town’s amenities and its appeal to both families and professionals. The median apartment price stands at $300,000, with a more modest year-over-year growth of 2.1%. This slower rate of increase suggests that while there is interest in multi-family dwellings, it does not match the pace observed in the detached housing segment.
Investment Opportunities and Potential
The consistent rise in property values points to a market with solid investment opportunities. Given the population growth rate of 7.1%, there is a potential for increased demand for housing, which could drive property prices up further. Investors may find particular value in purchasing single-family homes, considering their higher appreciation rate. However, apartments should not be overlooked as they offer an accessible entry point into the real estate market for both investors and first-time homebuyers.
Future Market Outlook
The future real estate market outlook for Balderson appears optimistic. With an expanding population of 15,000 residents, and continuous population growth, demand for housing is expected to remain strong. Assuming current economic conditions persist, we can anticipate further gradual increases in both house and apartment prices. Investors looking to capitalize on long-term appreciation should consider entering the market now while relative affordability is still present.
