Belwood, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 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) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Belwood, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $520,000, which marks a 4% increase year-over-year. This indicates a robust seller’s market where demand is driving prices upwards modestly. Similarly, the apartment sector shows signs of growth with the median price at $310,000, reflecting a 2.5% rise year-over-year. The population of Belwood has grown to 15,500 with a substantial 3.3% growth rate, suggesting an increasing demand for housing in the area.
2. Investment Opportunities and Potential
The consistent appreciation in property values in Belwood presents favorable conditions for real estate investment. Given the steady house price trend, investors can expect to see continued growth in their real estate assets. The apartments’ slightly lower appreciation rate may appeal to investors looking for more affordable entry points into the market with reasonable growth prospects. As the population continues to increase, rental demand is expected to rise, potentially providing attractive rental yield opportunities for investors.
3. Future Market Outlook
The future real estate market outlook for Belwood remains positive. With a strong population growth rate of 3.3%, it is likely that housing demand will persistently bolster property values. While current trends indicate stable growth, factors such as economic conditions, interest rates, and local developments should be monitored as they could impact future market dynamics. Investors and homebuyers alike should consider these trends while acknowledging that real estate markets are subject to fluctuations influenced by broader economic forces.
