Bellevue, 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 Bellevue, Ontario is currently experiencing stable growth. With the median house price at $500,000 and a year-over-year increase of 3.5%, the residential sector is showing healthy appreciation. Similarly, apartments are also seeing a steady rise in value with the median price standing at $300,000 and a growth trend of 2.1% year-over-year. These positive trends are likely attributed to Bellevue’s population of 15,000 which has seen a significant increase of 7.1%. This demographic growth suggests a rising demand for housing in the area.
Investment Opportunities and Potential
Bellevue presents attractive investment opportunities given its current market dynamics. The consistent rise in property values indicates a robust investment potential, particularly for long-term investors looking for capital appreciation. The housing sector, with its higher growth rate, might appeal to investors seeking more substantial returns on investment. Meanwhile, the apartment sector offers a more accessible entry point for new investors or those interested in smaller-scale investments.
Additionally, Belleville’s growing population points to an increasing need for rental properties. Investors could benefit from both the appreciation of their real estate assets and potential rental income streams which may grow as demand for housing continues to rise.
Future Market Outlook
The future outlook for Bellevue’s real estate market remains optimistic. If current trends continue, we can expect ongoing gradual increases in property values across both houses and apartments. The sustained population growth is likely to keep driving demand for housing in Bellevue, potentially leading to tighter inventory levels and subsequent upward pressure on prices.
However, investors should monitor local economic indicators and be mindful of broader national economic policies that could impact interest rates and borrowing costs. A balanced approach to investing in Bellevue’s real estate will allow for capitalization on current positive trends while hedging against potential market fluctuations.
