Baysville, 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 Baysville, Ontario, is currently experiencing steady growth. The median house price in the area stands at $500,000, reflecting a positive year-over-year increase of 3.5%. This trend indicates a healthy demand for single-family homes, likely driven by both local factors and broader national real estate conditions. The apartment sector is also seeing growth, albeit at a slightly more modest pace, with the median apartment price reaching $300,000 and a year-over-year increase of 2.1%. This could be indicative of a growing interest in more affordable and lower-maintenance living spaces among certain demographics within the region.
Investment Opportunities and Potential
Baysville presents several attractive investment opportunities. The steady increase in property values suggests that the market is ripe for long-term investments, especially in single-family homes which are seeing a higher appreciation rate. Rental properties could also be a viable option given the population growth of 7.1%, which may lead to increased demand for rental units as new residents seek housing. Investors might consider capitalizing on both the purchase of existing apartments or the development of new multifamily units to cater to this expanding population.
Future Market Outlook
The future outlook for Baysville’s real estate market remains optimistic. Assuming current trends continue, we can anticipate ongoing gradual growth in property values across both houses and apartments. The substantial population growth of 7.1% bodes well for the continued demand for housing in the area. It is likely that infrastructure and local amenities will evolve alongside this population increase, potentially making Baysville an even more desirable location for prospective homeowners and investors alike.
In conclusion, Baysville’s real estate market is characterized by steady growth and promising investment opportunities underpinned by robust population expansion. Stakeholders should monitor key economic indicators closely to make informed decisions as they navigate the evolving landscape of this dynamic market.
