Caesarea, 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 Caesarea, Ontario is currently experiencing a period of steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation that reflects both the desirability of the area and a robust local economy. Similarly, apartments are becoming increasingly valuable, with the median price sitting at $300,000 and experiencing a 2.1% appreciation rate over the past year.
The population of Caesarea has also grown significantly, exhibiting a 7.1% increase which can be attributed to its attractive living conditions and potential for economic opportunities. This influx of new residents is likely contributing to the sustained demand for housing, thereby supporting the positive price trends observed in the market.
Investment Opportunities and Potential
For investors considering the Caesarea real estate market, there are several compelling reasons to invest. The consistent growth in property values suggests a stable environment for long-term investment. The single-family home segment, with its more substantial year-over-year price increase, may offer particular appeal for those looking for capital gains or rental income given the community’s expanding population.
Apartments present another attractive opportunity, especially for those looking to cater to smaller households or professionals moving into the area. With lower entry costs than houses and a steady appreciation trend, apartments could be an excellent option for new or diversifying investors.
In addition to residential properties, commercial real estate investment might benefit from the town’s population growth as businesses seek to capitalize on the increasing consumer base.
Future Market Outlook
The future outlook for Caesarea’s real estate market remains optimistic. Population growth is a driving force behind increased housing demand, which is expected to continue as more individuals recognize Caesarea as an appealing destination for both living and working.
If current trends persist, property prices are likely to maintain their upward trajectory. However, investors should remain vigilant about changes in local and national economic conditions that can impact interest rates and affordability – factors that could moderate growth rates in the future.
In conclusion, Caesarea appears well-positioned for ongoing real estate expansion with sound investment potential across various property types. Stakeholders should monitor market dynamics closely but can generally anticipate continued prosperity based on current data.
