Bothwell, 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 Bothwell, Ontario is currently characterized by steady growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This trend indicates a stable and growing housing market that could be attractive to both homebuyers and investors alike.
In comparison, apartments in Bothwell have a median price of $300,000, with a slightly lower year-over-year appreciation rate of 2.1%. This suggests that while the apartment market is less robust than the housing market, it still presents a reliable investment opportunity for those looking to enter the real estate market at a lower price point.
The population of Bothwell has been growing at a rate of 7.1%, which is relatively high and likely contributing to the increased demand for housing in the area. Such demographic trends can have a significant impact on real estate markets, often driving up property values and rental rates.
Investment Opportunities and Potential
With a growing population and consistent increase in property values, Bothwell presents several promising investment opportunities. The steady rise in median house prices reflects ongoing demand and suggests that investments in residential properties could yield solid returns over time. Moreover, the more moderate appreciation of apartment prices provides an accessible entry point for smaller investors or those looking to diversify their portfolio with rental properties.
Given the current trends, investors might consider purchasing single-family homes or apartments to capitalize on Bothwell’s market conditions. As the population continues to grow, there will likely be an increased demand for rental properties, which could generate consistent rental income as well as potential for capital gains.
Future Market Outlook
The future outlook for Bothwell’s real estate market remains optimistic based on current trends and demographic data. The steady growth in property values across both houses and apartments suggests that the market has strong fundamentals and is likely to continue its upward trajectory. Furthermore, with a significant population growth rate of 7.1%, it can be anticipated that demand for housing will continue to rise.
However, investors should remain attentive to factors such as economic conditions, interest rates, and local developments that could influence market dynamics. Careful analysis and strategic planning are crucial when considering long-term investments in this region’s real estate market.
To conclude, Bothwell offers a healthy real estate market with potential for investment growth. By staying informed about local trends and being strategic about their investments, investors can take advantage of the opportunities present within this vibrant community.
