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
1. Current Market Conditions and Trends
The real estate market in Bothwell, Ontario, is currently experiencing steady growth. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This increment is indicative of a healthy demand for single-family homes in the area. Similarly, the apartment sector is also showing positive movement with a median price of $300,000 and a growth trend of 2.1% over the past year.
The local population has reached approximately 15,000 residents, which reflects a substantial growth rate of 7.1%. This influx of new residents may be contributing to the increased demand for housing and the corresponding upward pressure on property values.
2. Investment Opportunities and Potential
The promising trends in Bothwell’s real estate market suggest that investment opportunities are ripe. Given the steady appreciation in property values coupled with significant population growth, investors might find both residential and rental properties attractive. Specifically, investing in single-family homes could be advantageous due to their higher appreciation rate compared to apartments.
Focusing on long-term investment strategies could yield considerable returns considering the consistent climb in median home prices. Rental properties also present a potential for stable income streams, as an expanding populace could sustain or increase rental demand.
3. Future Market Outlook
The future real estate market outlook for Bothwell appears optimistic. If current trends persist, it is likely that Bothwell will continue to see an appreciation in property values across both houses and apartments. Population growth acts as a strong indicator of sustained housing demand; therefore, barring any unforeseen economic shifts or regulatory changes, the market is poised for ongoing expansion.
In conclusion, Bothwell’s real estate market presents a solid opportunity for investors looking to capitalize on a growing community with appreciating asset values. Careful consideration of local development plans and infrastructure improvements could further inform investment decisions to maximize potential returns.
