Emeryville, 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 Emeryville, Ontario is currently experiencing a stable growth pattern. As of recent statistics, the median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes and a competitive market for buyers.
In the apartment sector, the median apartment price is slightly lower, at $300,000, demonstrating a more modest year-over-year growth of 2.1%. This growth rate indicates a steady but slower appreciation in value compared to houses. This difference could be attributed to a range of factors including market demand, investment patterns, and demographic trends.
The population of Emeryville currently stands at 15,000 residents, with a notable population growth rate of 7.1%. Such significant growth suggests an increasing demand for housing in the area, which may continue to drive property values upward as supply struggles to meet demand.
Investment Opportunities and Potential
The solid growth in property values alongside substantial population increases suggests that Emeryville presents promising investment opportunities. The consistent rise in house prices points to the potential for continued capital gains over time for investors looking at single-family homes.
Apartments offer a different value proposition with their lower entry price point and steady appreciation rate. Investors may find opportunities in targeting the rental market, which could expand due to the influx of new residents and those seeking more affordable housing options.
New developments and infrastructure projects triggered by the population boom could also create pockets of opportunity within the local real estate market. Investors should keep an eye on such projects as they can significantly affect property values and rental demand in their vicinity.
Future Market Outlook
The future real estate market outlook for Emeryville appears positive. Given the healthy population growth rate coupled with consistent property value appreciation, it is likely that both the residential home and apartment markets will continue to see sustained growth.
Economic factors such as employment rates, interest rates, and local economic development will further influence this outlook. Assuming these factors remain favorable, Emeryville’s real estate market could maintain its upward trajectory.
However, investors and potential homeowners should monitor local trends closely for any signs of market saturation or shifts in demographic demands. Staying informed will be key to making sound investment decisions or finding the right time to enter the housing market as either buyers or sellers.
