Belhaven, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| 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 | $425,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,300 |
| Previous Population (2019) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Belhaven, Ontario, the real estate market is exhibiting signs of steady growth. The median house price currently stands at $515,000, with a year-over-year increase of 4%. This consistent rise in house prices indicates a healthy demand for residential properties. Similarly, the median apartment price has experienced a growth trend of 2.5% year-over-year, reaching an average of $315,000. The town’s population has seen a modest growth rate of 2%, suggesting an influx of new residents and potential homebuyers. The current trends show a balanced market with sustainable growth rates.
Investment Opportunities and Potential
With the observed market trends, investment opportunities in Belhaven are promising. The steady increase in property values reflects an enduring demand for housing, offering potential capital gains for investors. Additionally, the growth in population suggests a continuous need for rental properties, making it an attractive market for rental income investments. Given that apartment prices are rising at a slower rate than houses, investors might find apartments to be more accessible entry points into the real estate market of Belhaven.
Future Market Outlook
The future outlook for Belhaven’s real estate market appears positive. With a consistent pattern of population growth and property value appreciation, the market is poised for sustained expansion. Assuming no significant economic disruptions occur, the current trends may continue, making Belhaven an appealing location for both homebuyers and investors. It is advisable to monitor local developments closely, such as infrastructure projects or changes in municipal policies that could further influence the market dynamics.
