Beardmore, 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 Beardmore, Ontario is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%, indicating a healthy demand for housing in the area. Similarly, the apartment market is showing a positive trend with a median price of $300,000 and an annual growth rate of 2.1%. These figures suggest that the market is appreciating at a moderate pace, which may be attributed to the town’s growing population, currently at 15,000 residents with a significant growth rate of 7.1%.
Investment Opportunities and Potential
Given the steady appreciation in property values and the robust population growth, Beardmore presents attractive investment opportunities for both residential and rental markets. The consistent increase in housing prices indicates a stable investment environment with potential for capital gains in the long-term. Furthermore, the growth in population suggests an ongoing demand for housing which could benefit investors looking to engage in the rental market. The lower median price for apartments compared to houses also opens up investment possibilities for those with more modest budgets or looking to enter the market.
Future Market Outlook
The future outlook of Beardmore’s real estate market appears promising. With an increasing population and sustained year-over-year growth in property values, it is likely that both housing demand and prices will continue to rise. The current trends suggest that investing now could yield favorable returns as Beardmore continues to grow and attract new residents. Investors and homebuyers should continue to monitor local economic factors and infrastructure developments which could further impact property values positively.