Campbellfordseymour, 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 Campbellford/Seymour, Ontario, currently presents a stable growth pattern. With the median house price standing at $500,000, there has been a year-over-year increase of 3.5%. This suggests a healthy demand in the housing market, likely driven by both local factors and broader provincial trends.
Similarly, the apartment sector is experiencing growth with a median price of $300,000 and a year-over-year trend of 2.1%. Although this rate is slightly lower than that of houses, it indicates a consistent demand for more affordable and smaller-scale housing options.
The population of Campbellford/Seymour has reached approximately 15,000 residents, with a notable growth rate of 7.1%. This influx is likely contributing to the demand for housing and supporting the steady price increase.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Campbellford/Seymour are promising. The continuous population growth paired with rising house prices points to potential for capital gains over time. Investors may find particular interest in single-family homes which show stronger appreciation trends compared to apartments.
Moreover, the steady pace of growth suggests that investments made now could benefit from further maturation of the market as infrastructure improves and more amenities are developed to cater to the growing population. Rental properties also present an opportunity given the influx of new residents seeking accommodation, potentially leading to favorable rental yields.
Future Market Outlook
The future outlook for Campbellford/Seymour’s real estate market appears optimistic. The sustained population increase should continue to serve as a pillar for demand in both the housing and rental markets. If local economic conditions remain favorable and supportive measures such as infrastructure development are implemented, market conditions may see further enhancement.
Investors should keep an eye on regional economic policies and infrastructure projects that can positively impact property values. However, it is equally important to remain vigilant about broader economic factors such as interest rates and employment levels which can influence buyers’ purchasing power.
In conclusion, while current trends point towards a robust market with room for growth, investors should conduct thorough due diligence and stay informed on both local developments and macroeconomic conditions that could affect the real estate landscape in Campbellford/Seymour.
