Everton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Everton, Ontario is currently experiencing steady growth. With a median house price of $520,000 and a year-over-year increase of 4%, the market is showing signs of continued demand and healthy appreciation. Similarly, the median apartment price stands at $310,000, with a slightly lower growth trend at 2.5% year-over-year. This indicates a stable environment for both single-family homes and apartment units.
Everton’s population growth of 3.3% is indicative of an expanding community, potentially driven by factors such as employment opportunities, quality of life, and affordable housing compared to larger metropolitan areas. The influx of new residents is likely contributing to the steady demand for housing in the area.
Investment Opportunities and Potential
The current trends suggest that Everton represents a promising opportunity for real estate investors. The consistent growth in property values coupled with the town’s increasing population provides a fertile ground for both long-term capital gains and rental income potential. Single-family homes offer solid appreciation prospects due to their higher year-over-year price increase.
Apartments, while showing slower growth in value than houses, may offer attractive opportunities for investors looking to enter the market at a lower price point or those focused on catering to residents preferring smaller living spaces or seeking more affordable housing options.
Future Market Outlook
The future market outlook for Everton’s real estate appears positive. Given the current trends of moderate price increases and consistent population growth, it is reasonable to anticipate ongoing demand for residential properties. Barring any unforeseen economic events or policy changes that could affect the housing market, investors can expect continued appreciation in property values.
However, investors should also remain aware of broader economic indicators and regional developments that could impact the market dynamics in Everton. Keeping abreast of infrastructure projects, changes in employment rates, or shifts in demographic patterns will be key to making informed investment decisions.
