Egbert, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Egbert, Ontario is currently experiencing steady growth. With a median house price of $550,000 and a year-over-year increase of 4%, the market shows signs of sustainable appreciation. The median apartment price stands at $320,000, which has seen a slightly lower year-over-year increment of 2.5%. This moderate growth trajectory indicates a balanced market that avoids the extremes of rapid inflation or deflation, which can be beneficial for both buyers and sellers looking for stability.
Investment Opportunities and Potential
Egbert’s real estate market presents attractive investment opportunities. The steady rise in property values suggests that purchasing real estate in this area could be a sound long-term investment. Both housing and apartment segments are appreciating, albeit at different rates, which allows investors to choose between different types of properties depending on their investment strategy.
With the population growing at a healthy rate of 3.3%, there is potential for increased demand for housing, which could fuel further growth in property values and rental rates. Investors looking to enter the market may find Egbert an appealing option due to its growing population and consistent property value appreciation.
Future Market Outlook
The future outlook for the Egbert real estate market remains positive. Assuming that current trends continue, the combination of population growth and steady property appreciation could sustain the demand for both buying and renting properties. However, it is crucial for investors to monitor local economic conditions and development plans since these factors can significantly influence future market dynamics.
Furthermore, anticipating any changes in interest rates or government policies related to housing can also impact investor decisions. If Egbert continues on its current path of growth and maintains its attractiveness as a place to live, the real estate market should continue to offer promising opportunities for years to come.
