Property for sale in Contrexeville

Real estate prices in Contrexeville are influenced by several key factors, including location, property conditions, local amenities, and tourism trends. For instance, properties located near the town's spa facilities or the picturesque Parc Thermal often command higher prices, with average listings in these prime areas reaching around €150,000 to €250,000 for a two-bedroom apartment. The condition and age of the property also significantly impact pricing; well-maintained historic homes can list at €200,000 or more, while those requiring extensive renovations might start around €80,000. Additionally, the presence of local amenities, such as schools, shops, and healthcare facilities, plays a crucial role; properties within close proximity to these services typically see a price premium of 10-15%. Seasonal tourism also affects demand; during peak summer months, rental properties can appreciate in value by as much as 20% due to increased short-term demand, skewing real estate prices significantly.

The real estate market in Contrexeville has experienced notable shifts in the past year, with property prices rising approximately 12% on average. Specifically, the average price per square meter for residential properties increased from €1,500 to around €1,680, highlighting a growing demand, particularly for two- and three-bedroom homes. Larger properties, especially those with gardens or proximity to thermal spas, have seen even steeper increases, with prices reaching as high as €2,200 per square meter. Additionally, the number of transactions has risen by around 15% compared to the previous year, driven mainly by buyers from urban areas looking for second homes or retirement properties. This surge is also evidenced by a decrease in the average time properties spend on the market, which has dropped from 90 days to about 60 days, reflecting heightened competition among buyers.

The average price per square meter in Contrexeville typically ranges from €1,200 to €1,800, depending on the property type and location within the town. For instance, older apartments in the center might be priced around €1,300 per square meter, while more modern constructions or renovated houses can reach up to €2,000 per square meter or more. In contrast, properties located on the outskirts of Contrexeville can be more affordable, with prices dipping to about €1,000 per square meter. Recent market trends indicate a steady demand for residential properties, particularly among retirees and those seeking a quieter lifestyle, which may influence pricing over time. Specific neighborhoods, such as those near the thermal spa facilities, tend to attract higher valuations due to their desirable amenities and location.

Property prices in Contrexeville are generally lower compared to nearby towns such as Vittel and Épinal. As of late 2023, the average property price in Contrexeville hovers around €1,400 per square meter, while in Vittel, it can reach approximately €1,800 per square meter, reflecting a higher demand for properties in that spa town. In Épinal, the average price is about €1,500 per square meter. The variance can be attributed to factors such as tourism, local amenities, and the overall appeal of the respective towns. Additionally, while Contrexeville offers a tranquil environment, it lacks some of the commercial vibrancy found in Vittel, which draws buyers and investors.

In Contrexeville, the property market primarily features residential and vacation homes, with a notable emphasis on charming vintage villas and modern apartments. Prices for these properties typically range from €150,000 to €400,000, depending on size and location. For instance, a three-bedroom villa close to the town center can be listed for around €250,000, while more luxurious options with spa facilities and scenic views may reach upwards of €500,000. Smaller one-bedroom apartments, particularly those in tourist-friendly locations, can start at about €100,000. Additionally, many properties in the area embrace the region's historic architecture, attracting buyers interested in both full-time residences and investment opportunities in the hospitality sector, given the popularity of Contrexeville as a spa destination.

In Contrexeville, seasonal trends significantly influence real estate prices, primarily due to the town's status as a spa destination and its appeal to tourists. During the peak summer seasons, particularly in July and August, property prices can see a surge of approximately 10-15%, as demand from visitors looking for vacation rentals increases. For example, a two-bedroom apartment that typically lists for €120,000 can escalate to around €135,000 during these months, reflecting heightened interest from buyers seeking investment properties. Conversely, in the off-peak months, such as November through February, real estate prices often dip by about 5-10%. This seasonality affects short-term rental prices as well, with nightly rates in summer potentially reaching €150-€200, while in the winter months, they may drop to €70-€100, aligning with changes in tourist footfall. Additionally, the local spa events, which attract visitors in spring and early autumn, can create temporary spikes in real estate activity, as seen in April’s price increases of around 8% due to the influx of health tourism related to the thermal baths.

Real estate price trends in Contrexeville for the next year are anticipated to show a moderate increase, with projections suggesting a rise of about 2-3% in property values. The average price per square meter currently hovers around €1,200, which could rise to approximately €1,230 to €1,236 by late 2024. The ongoing popularity of the town, especially among retirees and those seeking second homes due to its spa facilities and natural beauty, is expected to drive demand. For example, a three-bedroom apartment that currently lists for €150,000 may see its value increase to around €153,000 or more, depending on location and amenities. Additionally, the market for rental properties is also projected to strengthen, with average rent prices increasing from €10-€12 per square meter to €11-€13 per square meter as more individuals are attracted to the area’s tranquil lifestyle.