Belfountain, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $550,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $750,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,150,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $500,000 |
| 2 bedrooms | $600,000 |
| 3 bedrooms | $700,000 |
Demographics
| Current Population (2024) | 17,000 |
| Previous Population (2019) | 16,000 |
| Population Change | 6.3% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.8 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Belfountain, Ontario
The real estate market in Belfountain, Ontario, is currently experiencing steady growth. The median house price stands at $950,000, which represents a 4.2% increase year-over-year. This suggests a healthy demand for detached homes in the area, possibly driven by buyers seeking spacious living options outside of denser urban centers.
Similarly, the median apartment price has seen a rise to $550,000, marking a 3% growth over the previous year. This indicates that smaller living spaces such as apartments are also in demand but with a slightly slower growth rate compared to houses.
Belfountain’s population has grown by an impressive 6.25% recently, indicating an influx of new residents and potential homebuyers. This population growth can contribute to the sustained demand for housing and may lead to increased competition among buyers in the real estate market.
Investment Opportunities and Potential in Belfountain
The data indicates that Belfountain is an attractive location for real estate investors. With both housing and apartment prices showing consistent upward trends, investment properties in this region have the potential for capital appreciation. Additionally, the rising population suggests a growing rental market that investors could tap into.
Investors should note the higher growth rate in house prices compared to apartments. This difference may influence investment strategies; for example, investing in single-family homes might offer better long-term growth potential based on current trends.
Future Market Outlook for Belfountain Real Estate
Looking ahead, Belfountain’s real estate market appears poised for continued growth. The consistent increase in property values coupled with significant population expansion suggests that demand for housing will remain strong.
If current trends persist, future investors and homeowners can anticipate further increases in property values. However, it is essential to monitor external factors such as economic conditions, interest rates, and government policies that could impact the real estate market’s trajectory.
In conclusion, Belfountain presents an appealing market with solid growth indicators for both residential living and investment opportunities. Prospective buyers and investors should keep a close watch on market developments to make informed decisions aligned with their financial goals.
