Baysville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Baysville, Ontario, is currently experiencing steady growth. With a median house price of $525,000 showing a year-over-year increase of 4%, the market is indicating healthy demand for single-family homes. This trend is slightly above the national inflation rate, suggesting that Baysville is becoming an increasingly attractive location for homeowners.
Similarly, the apartment sector has demonstrated resilience with a median price of $320,000 and a growth trend of 2.5% year-over-year. This more modest growth rate compared to houses indicates a balanced market that could be appealing to first-time buyers and investors looking for long-term capital appreciation.
Contributing to these positive trends is Baysville’s population growth rate of 3.3%. This is a substantial figure that reflects both the town’s growing attractiveness and its potential for further development and expansion within the housing market.
Investment Opportunities and Potential
For investors considering Baysville’s real estate market, there are several factors to consider. The steady increase in property values suggests a stable investment environment with potential for capital gains over time. The higher growth rate seen in house prices compared to apartments might indicate greater potential for return on investment in the single-family home sector.
The robust population growth further implies that there will be an ongoing demand for housing, which can lead to sustained rental income for investors focusing on rental properties. With the current economic stability and incremental growth in property values, Baysville presents as an inviting market for both new entrants and seasoned investors seeking opportunities outside of major urban centers.
Future Market Outlook
Looking ahead, the future real estate market outlook for Baysville appears positive. Assuming that current trends continue, we can anticipate ongoing moderate price increases in both houses and apartments. The consistent population growth should continue to drive demand for housing in the region.
However, it is essential to monitor external economic factors such as interest rates, employment levels, and broader provincial real estate regulations that could affect market dynamics. Provided these remain favorable, Baysville’s real estate market is poised for continued growth and should remain an attractive destination for both residential living and investment purposes.
