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Fallowfield, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $525,000
Monthly growth 1.3%
Quarterly trend 4.0%
Stock on market 0.7%

Apartment

Median price $320,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $450,000
3 bedrooms $525,000
4 bedrooms $650,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $360,000
3 bedrooms $460,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 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 in Fallowfield, Ontario

The real estate market in Fallowfield, Ontario, is currently experiencing steady growth, as indicated by the median house price sitting at $525,000 with a year-over-year trend of a 4% increase. This suggests a stable and healthy market that is currently benefiting sellers. The median apartment price is also on the rise, though at a slower pace, with a current value of $320,000 and a year-over-year trend increase of 2.5%. The demand for both houses and apartments is likely being driven by the population growth of 3.3%, which is substantial and suggests an influx of new residents or an increase in the formation of new households within the region.

Investment Opportunities and Potential

Considering the growth trends in property values and the population increase, Fallowfield presents significant investment opportunities. The consistent appreciation in house prices indicates that investments in residential real estate could yield profitable returns over time. For those looking to invest in rental properties, the growing population—potentially including young professionals or small families—may lead to higher demand for rental units, which could translate into competitive rental income for landlords. However, investors should remain attentive to local economic factors and any changes in housing supply that may affect future market dynamics.

Future Market Outlook

The future market outlook for Fallowfield real estate appears optimistic. Population growth tends to be a positive indicator for continued demand in housing. If current trends persist, we can anticipate further incremental increases in property values for both houses and apartments. Nevertheless, investors and potential homebuyers should consider broader economic conditions such as interest rates, employment rates within the region, and national housing policies that may impact market conditions moving forward. With current data at hand, Fallowfield stands out as an attractive market for both residential living and real estate investment opportunities.