Fesserton, 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
In Fesserton, Ontario, the real estate market is currently experiencing steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent upward trend indicates a healthy demand for single-family homes. Meanwhile, the market for apartments is also showing positive momentum, with the median apartment price at $300,000 and experiencing a slightly lower year-over-year increase of 2.1%.
The population of Fesserton has reached approximately 15,000 residents, with a significant population growth rate of 7.1%. This influx of new residents is likely contributing to the sustained demand for housing in the region.
Investment Opportunities and Potential
For investors considering Fesserton’s real estate market, there are several factors to note. The steady growth in home values suggests that purchasing residential property could be a sound investment with potential for moderate capital appreciation. Moreover, the robust population growth may lead to increased rental demand, implying opportunities for investors interested in income-generating properties.
Given the more modest increase in apartment prices relative to houses, investing in multi-unit residential buildings might offer an attractive entry point for those looking to capitalize on the expected rise in rental activity. Furthermore, with continued population growth, there may be future developments and infrastructure improvements that can enhance property values over time.
Future Market Outlook
The outlook for Fesserton’s real estate market remains optimistic. Assuming current economic conditions persist and population trends continue their upward trajectory, one can anticipate sustained growth in property values. The housing market could see further tightening if supply does not keep pace with demand, potentially leading to accelerated price increases.
However, investors and potential homeowners should remain vigilant about broader economic factors that could impact interest rates and borrowing costs. Close monitoring of local developments and policies will also be crucial for accurately predicting long-term market behavior.
