Egmondville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Egmondville, Ontario
The real estate market in Egmondville, Ontario, is currently experiencing steady growth. The median house price in the area stands at $525,000, which represents a 4% increase year-over-year. This indicates a healthy demand for houses, suggesting that the residential sector remains strong. Likewise, the apartment market has shown resilience with a 2.5% increase year-over-year, bringing the median apartment price to $310,000.
With a population of 15,500 that has been growing at a rate of 3.3%, there’s an evident expansion in the local community which is likely contributing to the steady appreciation of property values. This demographic trend is essential as it suggests an increasing demand for housing due to population growth.
Investment Opportunities and Potential in Egmondville
Egmondville presents attractive investment opportunities particularly in the residential real estate market. The consistent growth in house and apartment prices points towards a stable investment environment. Investors could potentially benefit from capital gains over time given the positive year-over-year trends observed.
Moreover, the robust population growth can be seen as an opportunity for developers and investors to cater to the increased housing demand through new construction projects or by investing in rental properties. Given that more people are moving to Egmondville, it can be inferred that there will be a sustained need for both ownership and rental housing options.
Future Market Outlook for Egmondville Real Estate
The future market outlook for Egmondville’s real estate appears optimistic. Continued population growth at a rate of 3.3% is likely to maintain or even increase the demand for housing. If current trends persist, we can anticipate further incremental gains in property values across both houses and apartments.
However, potential investors should also keep an eye on broader economic factors such as interest rates, employment rates, and regional development plans that could affect property market dynamics. Assuming stable economic conditions and supportive local policies regarding development and infrastructure improvements, the real estate market in Egmondville is poised for continued growth over the mid to long term.
In conclusion, with its steady price increases and population growth signals, Egmondville presents itself as an appealing market for both homeownership and investment purposes with a positive outlook on its future real estate landscape.
