Bluevale, 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
In Bluevale, Ontario, the real estate market is experiencing a steady growth in property values. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This consistent appreciation indicates a healthy demand for houses in the area. Similarly, apartments are also seeing an upward trend with a median price of $300,000 and a 2.1% increase from the previous year.
The population of Bluevale has reached 15,000 residents and is growing at an impressive rate of 7.1%. This significant population growth is likely contributing to the sustained demand for housing and may be indicative of a robust local economy attracting new residents.
Investment Opportunities and Potential
The positive trends in both house and apartment prices suggest that Bluevale holds promising investment opportunities. The steady growth of the median house price provides a relatively low-risk environment for long-term real estate investments. With houses appreciating at a rate higher than inflation, investors can expect reasonable capital gains over time.
Apartments present an attractive opportunity as well, especially for investors focusing on rental income. As the population continues to grow, there will likely be increased demand for rental units, which may lead to higher occupancy rates and potentially rising rents.
Future Market Outlook
Looking forward, the future market outlook for Bluevale remains optimistic. The continuous population growth should support ongoing demand for both owned and rented properties. If current economic conditions persist and the local job market remains strong, we can anticipate further increases in property values at a sustainable pace.
Investors considering entering the Bluevale real estate market would be wise to act while prices are still on an upward trajectory but not yet inflated by speculative bubbles or overdevelopment. Market data suggests that early entrants could benefit from both capital appreciation and income generation as Bluevale continues to develop as an appealing destination for new residents.
