Eden, 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 Eden, Ontario is currently experiencing steady growth. With a median house price of $500,000, the market has seen a growth trend of 3.5% year-over-year. This indicates a healthy demand for single-family homes and stability in the housing sector. The median apartment price stands at $300,000, with a more modest year-over-year increase of 2.1%. These figures suggest that the Eden housing market is growing at a sustainable pace, avoiding the rapid inflation that can lead to market volatility.
Eden’s population has grown by 7.1%, which is significantly higher than the national average. This influx of residents is likely contributing to the increased demand for housing and the consequent rise in property values. The population growth coupled with positive pricing trends suggests that Eden is an attractive location for both homeowners and investors.
Investment Opportunities and Potential
Considering the stable increase in property values and significant population growth, Eden presents compelling opportunities for real estate investment. The consistent appreciation in house prices indicates a reliable potential for capital gains over the long term. Single-family homes, given their higher year-over-year price increase, may offer better growth potential for investors seeking appreciating assets.
Apartments, with their lower entry price point and smaller year-over-year increases, could be attractive to investors looking for rental income properties. As Eden continues to grow in population, demand for rental units is likely to rise, potentially leading to higher occupancy rates and increased rental yields.
Moreover, as new residents move into the area, there may be opportunities for development projects tailored to meet the needs of a growing community. Investors with an interest in real estate development could find value in pursuing residential or mixed-use projects that cater to this expanding market.
Future Market Outlook
The future outlook for Eden’s real estate market remains optimistic. Population growth is one of the primary drivers of housing demand, and Eden’s substantial growth rate bodes well for continued demand across all housing types. If current trends persist, both house and apartment prices are expected to maintain an upward trajectory, albeit at a measured pace that promotes long-term stability.
Continued investment in local infrastructure and community amenities could further enhance Eden’s appeal as a desirable place to live. Should these developments occur, they will likely have a positive impact on property values by increasing the attractiveness of the area.
In conclusion, Eden offers a favorable environment for real estate investment with its strong population growth and consistent property value appreciation. Potential investors should monitor local economic indicators and development plans closely as they consider entering or expanding their presence in this vibrant market.
