Fisherville, 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
1. Current Market Conditions and Trends
The real estate market in Fisherville, Ontario is experiencing steady growth, as evidenced by the current housing data. The median house price stands at $500,000, which has seen a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the area.
Similarly, the apartment market in Fisherville is also on an upward trend with a median price of $300,000 and a year-over-year increase of 2.1%. This slower growth rate compared to houses suggests that while there is demand for apartments, it may not be as strong as for houses within this particular market.
The population of Fisherville is currently around 15,000, having grown by 7.1%. Such significant population growth is a positive sign for the real estate market as it often leads to increased housing demand.
2. Investment Opportunities and Potential
The observed trends in Fisherville’s real estate market suggest that there is potential for investment success. Specifically, the consistent appreciation in property values provides opportunities for capital gains over time. The higher growth percentage in house prices compared to apartments may suggest that investing in single-family homes could yield better returns in the current climate.
The robust population growth further supports the idea that housing demand will continue to rise. Investors might consider new construction projects or renovation of existing properties to cater to this growing population, potentially focusing on family-friendly amenities and features.
In addition to residential properties, the increasing population could also create opportunities in real estate segments such as retail spaces, office buildings, and other commercial properties catering to community needs.
3. Future Market Outlook
The future outlook for Fisherville’s real estate market remains optimistic due to several factors. The continuous population increase implies sustained demand for housing which should keep driving property values up if the current trend maintains its course.
Moreover, assuming economic conditions remain favourable and interest rates are stable or improve, affordability may encourage further investment and homeownership in the region. However, potential investors and homeowners should also remain vigilant about local economic indicators and broader national economic policies that could affect mortgage rates and employment levels—key drivers of real estate markets.
In conclusion, Fisherville presents an attractive landscape for both residential and commercial real estate investments based on current trends and projections. Stakeholders should continue monitoring market conditions closely to make informed decisions aligned with their investment strategies.
