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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Emeryville, Ontario is currently experiencing stable growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the area. Meanwhile, the apartment sector shows a slightly lower growth rate, with the median apartment price at $300,000 and an annual appreciation of 2.1%. The moderate price trends suggest that the market is growing at a sustainable pace, avoiding the pitfalls of rapid inflation or deflation.
The population of Emeryville has seen significant growth, currently standing at 15,000 residents with a robust growth rate of 7.1%. This demographic expansion is indicative of Emeryville’s attractiveness to newcomers and may be contributing to the steady real estate demand.
Investment Opportunities and Potential
The stable increase in housing prices coupled with substantial population growth presents a promising environment for real estate investments in Emeryville. Single-family homes show stronger appreciation and may offer better long-term capital gains for investors looking to enter the market or expand their portfolios.
Apartments also present an investment opportunity, particularly for those interested in rental properties or more affordable entry points into the real estate market. Given the population increase, demand for rental units is likely to rise, possibly pushing rental incomes higher and offering investors attractive returns on investment.
Future Market Outlook
The future outlook for Emeryville’s real estate market appears positive. The consistent growth in property values suggests confidence in the local economy and its potential for ongoing development. Assuming similar economic conditions persist, we can expect property values to continue their upward trajectory, albeit at a measured pace that promotes stability.
The burgeoning population will likely maintain demand for both ownership and rental properties. As long as this demographic trend continues, the real estate market should remain vibrant with ample opportunities for buyers and sellers alike.
Investors and homebuyers can feel cautiously optimistic about entering the Emeryville market. Being mindful of economic shifts and staying informed on local developments will be key to making astute decisions in this growing Ontario community.
