Campbellford, 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 current real estate market in Campbellford, Ontario is experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area. The apartment sector, with a median price of $300,000, has also shown growth, albeit at a slightly slower pace with a 2.1% year-over-year increase. The population of Campbellford stands at approximately 15,000 residents, which has grown by an impressive 7.1%. This influx of new residents may be contributing to the robust housing demand and supporting the upward price trend.
Investment Opportunities and Potential
The significant population growth in Campbellford presents promising investment opportunities for both residential and rental markets. The consistent appreciation in house prices suggests that investing in residential properties could yield profitable long-term gains for investors looking to buy and hold. Similarly, with apartment prices also on the rise, there is potential for securing income-generating assets in the rental market that could benefit from both capital appreciation and rental income.
Future Market Outlook
Looking ahead, Campbellford’s real estate market appears poised for continued growth. The steady population increase is likely to maintain demand for housing, which could sustain or even accelerate current price trends. Investors should monitor local economic developments and infrastructure investments as these factors will further influence the market’s trajectory. Overall, if current trends persist, Campbellford’s real estate market is expected to remain vibrant and offer worthwhile opportunities for investors and homebuyers alike.
