Egmondville, 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 in Egmondville, Ontario
The real estate market in Egmondville, Ontario presents a stable and growing environment, indicated by the consistent upward trajectory in property values. With a median house price sitting at $500,000 and experiencing a 3.5% year-over-year increase, the housing sector displays healthy growth. Similarly, the apartment market shows resilience with a moderate appreciation of 2.1% year-over-year to reach a median price point of $300,000. This growth is supported by Egmondville’s expanding population, which has surged by 7.1%, suggesting robust demand for housing and an influx of new residents or investors seeking opportunities within the city.
Investment Opportunities and Potential in Egmondville
The investment landscape in Egmondville is promising given the current market conditions. The steady increase in property values provides investors with solid capital gain potential, particularly in the residential housing sector where the growth rate surpasses that of apartments. Moreover, with a significant population growth rate of 7.1%, there is an anticipated continued demand for housing which could drive future price increases and rental demand. Investors looking for long-term appreciation or income-generating properties would find Egmondville’s market conditions conducive to these investment strategies.
Future Market Outlook for Egmondville
Looking ahead, the prospects for Egmondville’s real estate market remain optimistic. The sustained population growth will likely maintain pressure on housing demand, thereby supporting property value appreciation. If current trends persist, both the median house and apartment prices can be expected to continue their upward movement albeit at a conservative pace reflective of the region’s trends over recent years. Given these indicators, Egmondville’s real estate market holds promise for both existing homeowners seeking value retention and potential buyers or investors considering entering the market.
