Beachville, 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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest data, the real estate market in Beachville, Ontario exhibits a stable growth pattern. The median house price in the region is currently valued at $500,000, which reflects a year-over-year increase of 3.5%. This steady upward trend indicates a healthy demand for detached homes within the area. Meanwhile, apartments are experiencing a slightly slower growth rate, with the median price sitting at $300,000 and a year-over-year increase of 2.1%. The market’s current conditions suggest that single-family homes are more sought after than apartments, possibly due to the preferences of the local demographic or investors.
Investment Opportunities and Potential
The investment landscape in Beachville presents several opportunities owing to its consistent growth patterns. With population numbers on the rise—7.1% growth recently—the demand for housing is expected to remain strong. This demographic expansion can be attributed to factors such as employment opportunities, lifestyle quality, and potentially lower housing costs compared to larger urban centers. Investors should take note of the higher appreciation rate for houses compared to apartments, indicating that purchasing single-family homes may yield better long-term capital gains. Additionally, with rental markets likely tightening due to population increases, there could be promising returns in buy-to-let investments for both houses and apartments.
Future Market Outlook
The future outlook for Beachville’s real estate market appears optimistic. The consistent upwards trajectory in house prices combined with significant population growth suggests that demand will continue to fuel property value appreciation. Moreover, as remote work becomes more prevalent and urban dwellers seek less dense living environments post-pandemic, areas like Beachville may benefit from increased interest as relocation destinations. Investors and homeowners should monitor local economic developments and infrastructure investments that could further enhance property values and quality of life in the area.
