Eugenia, 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 Eugenia, Ontario
The real estate market in Eugenia, Ontario, currently exhibits stable growth with the median house price standing at $500,000, marking a year-over-year increase of 3.5%. This growth trend reflects a healthy demand for housing in the area. Similarly, the apartment sector has seen a modest rise with the median price reaching $300,000, which is up by 2.1% from the previous year.
The population of Eugenia has experienced significant growth, currently at 15,000 residents, with a notable increase of 7.1%. This demographic expansion is an essential driver for real estate demand and suggests that the market is likely to remain robust in terms of both sales activity and price stability.
Investment Opportunities and Potential in Eugenia
Eugenia’s real estate market offers promising investment opportunities due to its steady growth trends. The consistently rising house prices indicate a seller’s market, but investors can still find value in purchasing residential properties that are likely to appreciate over time. With a solid population growth rate of 7.1%, rental properties could also offer lucrative returns as more individuals and families seek housing in this expanding community.
Apartments, with their lower median price point of $300,000 and an upward trend of 2.1%, present an accessible entry point for investors interested in catering to singles or smaller households who may prefer more compact living spaces or cannot afford higher-priced homes.
Future Market Outlook for Eugenia’s Real Estate
The future outlook for the real estate market in Eugenia remains optimistic. Given the steady population growth paired with consistent increases in housing prices, it is anticipated that both the residential and apartment markets will continue to thrive. The ongoing demand for housing should support price appreciation, making long-term investments particularly attractive.
However, potential investors and homebuyers should also consider external economic factors such as interest rates and employment prospects in the region that may impact market conditions. Careful analysis and monitoring of these factors are essential for making informed decisions about entering or exiting the Eugenia real estate market.
