Everett, 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 (2025) | 15,000 |
Previous Population (2020) | 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 Everett, Ontario is currently experiencing moderate growth. The median house price in the area stands at $500,000, which represents a steady increase of 3.5% year-over-year. Apartments are also showing upward momentum with a median price of $300,000, and a growth trend of 2.1% year-over-year. These figures suggest a balanced market that is growing at a sustainable pace.
The population of Everett has reached approximately 15,000 residents, with a robust population growth of 7.1%, indicating an inflow of new residents and potential for increased housing demand. This demographic expansion can be attributed to Everett’s appealing environment for families, professionals, and retirees alike.
Investment Opportunities and Potential
Given the consistent growth in property values coupled with the significant population increase, Everett presents attractive investment opportunities for both residential and rental markets. The housing market’s year-over-year growth suggests that purchasing property in this region could yield profitable returns as the demand for housing appears to be on the rise.
Investors may find particular interest in the apartment sector which shows slightly lower growth but offers a more accessible entry point at $300,000. Considering the population influx and the trend towards urban living spaces, apartments could provide strong rental income potential and long-term capital appreciation.
Future Market Outlook
The future real estate market outlook for Everett is cautiously optimistic. The sustained increases in property values indicate a stable market with room for growth. Assuming current economic conditions remain constant, we can expect similar trends to persist into the near future.
The significant population growth rate suggests that Everett will continue to attract new residents seeking housing opportunities. This demographic trend will likely fuel ongoing demand for both house purchases and rentals, potentially driving prices up further if supply does not keep pace.
In conclusion, investors considering entry into the Everett real estate market should monitor local development plans, interest rates, employment rates, and immigration patterns closely as these factors will play crucial roles in shaping the market’s trajectory moving forward.