Bervie, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Bervie, Ontario, is currently experiencing steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a stable and growing housing market that is likely driven by both local demand and external interest in the region. The market for apartments is also showing positive movement, with the median apartment price at $300,000 and experiencing a 2.1% year-over-year increase. The population of Bervie has grown to 15,000 residents, marking a substantial growth rate of 7.1%, which may further stimulate housing demand and contribute to the upward trends in property values.
Investment Opportunities and Potential
The robust population growth in Bervie points to a significant investment opportunity, especially for those looking to enter the real estate market as prices continue to rise moderately. The consistent increase in median house prices implies that investments made now could yield solid returns as the market matures and expands. Furthermore, the apartment sector’s slower growth rate provides an accessible entry point for investors who are focused on long-term rental income and potential capital appreciation. Given the town’s population increase, there’s potential for both rental and resale markets to flourish as more people seek housing in Bervie.
Future Market Outlook
The future outlook for Bervie’s real estate market remains optimistic given current trends and demographic data. Assuming continued economic stability and population growth, we can expect sustained or potentially increased rates of property value appreciation in the coming years. The 7.1% population growth not only signifies a burgeoning community but also suggests ongoing demand for both private residences and rental properties. However, investors should monitor local economic developments and national real estate policies that may affect future market conditions.
