Fesserton, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.2% |
Stock on market | 0.7% |
Apartment
Median price | $320,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $625,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $470,000 |
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
1. Current Market Conditions and Trends
The real estate market in Fesserton, Ontario is currently experiencing steady growth. The median house price in the area is $525,000, with a year-over-year increase of 4.2%. This indicates a healthy demand for housing that is gradually pushing prices upward. Meanwhile, the median apartment price stands at $320,000, which has risen by 2.5% over the past year. Despite the slower growth rate compared to houses, apartments are still seeing a positive trend in value.
Fesserton’s population has reached approximately 15,500 residents, with a robust growth rate of 3.3%. Such demographic expansion suggests an ongoing and future demand for housing, adding pressure to the existing real estate inventory and potentially leading to further price appreciation.
2. Investment Opportunities and Potential
Given the current trends in population growth and housing demand, investment opportunities in Fesserton appear promising. For investors looking at long-term capital gains, the consistent rise in house prices offers a potentially lucrative opportunity. Rental properties also present an attractive option due to the increasing population seeking accommodation.
The stronger growth in house prices compared to apartments may indicate a higher demand for single-family homes or larger living spaces possibly driven by demographic factors such as family formation. However, apartments could be an appealing entry point for investors due to their lower median price point and sustained appreciation.
3. Future Market Outlook
The future outlook for the Fesserton real estate market remains optimistic based on current trends and demographic data. If the population continues to grow at its current rate or higher, housing demand is likely to stay strong or even increase. This could lead to continued price appreciation for both houses and apartments.
As long as economic conditions remain favorable and local employment opportunities continue to expand alongside the population, Fesserton’s real estate market should maintain its upward trajectory. Potential investors and homebuyers should monitor factors such as interest rates, employment rates, and regional economic policies that could impact market conditions moving forward.