Beamsville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
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 | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Beamsville, Ontario, the real estate market is experiencing a stable growth pattern. The median house price stands at $550,000, which marks a year-over-year increase of 4.2%. This rate of growth suggests a healthy demand for single-family homes, reflecting confidence in the local market. On the other hand, apartments are showing a more modest growth trend with the median price at $320,000 and an annual increase of 2.5%. These statistics indicate that while there is growth in the apartment sector, it is not as robust as that of the detached housing market.
Investment Opportunities and Potential
Considering the steady price appreciation of both houses and apartments in Beamsville, investment opportunities appear promising. The single-family home segment, with its higher rate of appreciation, presents an opportunity for investors looking for capital gains in the medium to long term. Apartments offer an alternative entry point into the real estate market due to their lower median price point and could be particularly attractive for rental income prospects given their slower but steady price growth.
With a population growth rate of 3.3%, which is above the national average, Beamsville is likely to see continued demand for housing. This demographic trend can be seen as a driver for future real estate investments in the region as the increased population may lead to higher demand for both rental and owner-occupied properties.
Future Market Outlook
The future outlook for Beamsville’s real estate market is cautiously optimistic. As housing prices continue to rise at a sustainable rate and population growth remains strong, these factors should contribute positively to the overall health of the property market. However, potential investors should also consider broader economic conditions, interest rate trends, and regional developments such as infrastructure projects or changes in local employment opportunities which could impact the market dynamics.
The current trends suggest that Beamsville’s real estate market has room for growth and could be an attractive location for both residential living and investment purposes. Careful monitoring of market conditions and ongoing analysis will be critical for those looking to invest or reside in Beamsville.
