Feversham, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Feversham, Ontario, is currently experiencing a period of moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This steady climb in housing prices reflects a healthy demand for residential properties in the area. Similarly, the median apartment price stands at $300,000, with a more modest annual appreciation rate of 2.1%. The growth in apartment values indicates an enduring appeal among smaller households and investors looking for more affordable entry points into the market.
The population of Feversham has reached approximately 15,000 residents, growing at a robust rate of 7.1%. This demographic expansion can be attributed to Feversham’s appealing small-town charm combined with access to larger urban centers, making it an attractive destination for both families and professionals.
Investment Opportunities and Potential
The positive trends in population growth and property value increases signal favorable conditions for investment opportunities in Feversham’s real estate market. The consistent appreciation in house prices suggests that purchasing residential properties could yield solid returns for long-term investors. Additionally, the growth rate in apartment prices offers potential for rental income streams that keep pace with market conditions.
Investors may also consider the development potential in Feversham due to its expanding population base. The demand for new housing developments, as well as commercial real estate to serve the growing community, presents further opportunities for those looking to invest in land or new construction projects.
Future Market Outlook
Moving forward, the real estate market in Feversham is expected to maintain its trajectory of steady growth. The strong population increase is likely to continue fueling demand for housing, which could support sustained appreciation in property values over the coming years. However, investors should remain cognizant of broader economic factors that could influence interest rates and affordability, which may subsequently impact market dynamics.
In summary, Feversham presents itself as an inviting market for both homeownership and investment purposes. Prospective buyers and investors should monitor local developments closely while considering the long-term benefits associated with real estate assets in this burgeoning community.
