Beachburg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Beachburg, Ontario, is currently experiencing steady growth. The median house price in the area is reported at $485,000, which indicates a healthy 3.2% year-over-year increase. This trend suggests that the housing market is robust and property values are appreciating at a moderate pace.
Apartments in Beachburg are also seeing an upward trend in pricing, with the median apartment price at $295,000 and an annual growth rate of 2.5%. This increase reflects a stable demand for smaller residential properties within the region.
The population of Beachburg has reached approximately 15,200 residents, growing at a rate of 2.7%. This demographic expansion supports the ongoing demand for housing and contributes to the vitality of the local real estate market.
Investment Opportunities and Potential
Given the positive trends in property value appreciation, Beachburg presents worthwhile investment opportunities. Residential properties, including both houses and apartments, show potential for capital gains over time due to the steady price increases. Moreover, as the population continues to grow, there is likely to be sustained demand for both rental and owner-occupied housing.
In particular, investors might want to consider single-family homes due to their more significant appreciation compared to apartments. However, apartments can be an attractive option for those looking to tap into the rental market catering to individuals or small families who prefer lower-maintenance living arrangements or cannot afford to purchase a home yet.
Future Market Outlook
The future market outlook for Beachburg’s real estate appears optimistic. With ongoing population growth and sustained year-over-year property value increases, the fundamentals are in place for continued stability in the housing market.
As long as the local economy remains stable or improves—potentially attracting more residents—the demand for housing should support current trends in property valuation. Investors considering entering or expanding within the Beachburg real estate market may find that now is an opportune time before prices potentially rise further.
Careful consideration of long-term economic factors and monitoring of local development plans will be important for assessing future risks and opportunities within this market.
