Beamsville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 15,000 |
| Population Change | 1.3% |
| 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 Beamsville, Ontario is currently characterized by steady growth. With a median house price of $525,000 reflecting a 4% year-over-year increase, the market is showing resilience and a positive trend upwards. Similarly, the median apartment price stands at $315,000, having grown at a slightly lower rate of 2.5% year-over-year. These figures suggest that while both segments of the market are growing, detached houses are in higher demand relative to apartments.
The population of Beamsville has seen a modest growth rate of 1.3%, which may be contributing to the gradual increase in housing demand and prices. This growth rate indicates a stable demographic expansion which can sustain and support real estate market growth over time.
Investment Opportunities and Potential
Beamsville offers several appealing investment opportunities. The steady increase in property values suggests that purchasing real estate in this area could be a solid long-term investment. Given the current trends, investors might find greater capital appreciation potential in the detached housing market due to its higher annual price increase compared to apartments.
Moreover, with an ongoing population growth, there is potential for rental investments to yield consistent returns. The growth signifies a continual influx of residents that may contribute to a strong rental demand. Thus, investors looking into rental properties may find Beamsville’s apartment sector particularly attractive due to more accessible entry prices coupled with the town’s demographic dynamics.
Future Market Outlook
The future outlook for Beamsville’s real estate market remains optimistic. Assuming the current trends continue, we can anticipate further gradual increases in property values across both houses and apartments. This projection is underpinned by the stable population growth rate which should sustain demand for housing.
However, potential investors and homeowners should monitor key economic indicators such as employment rates, interest rates, and regional development projects which could impact the market significantly. It would also be prudent to consider broader national real estate trends which can influence local markets like Beamsville.
In summary, Beamsville presents as a stable market with potential for steady growth. Both investment in residential properties for capital gains and rental properties for income generation appear promising under current market conditions.
