Alderville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| 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 Alderville, Ontario, is currently exhibiting signs of steady growth. The median house price stands at $520,000, marking a year-over-year increase of 4.2%. This suggests a healthy demand for houses in the area, possibly driven by the attractive amenities and lifestyle that Alderville offers to its residents.
Similarly, the apartment market is witnessing an upward trend with the median apartment price at $320,000, which has risen by 2.5% over the past year. Though this growth is slightly more modest than that of houses, it indicates a stable demand for smaller residential units, potentially among young professionals or smaller families.
The population of Alderville has reached 15,200 with a growth rate of 1.33%. This steady influx of residents can be contributing to the sustained demand for housing and helping to maintain the positive trajectory of property values.
2. Investment Opportunities and Potential
In light of the current trends, Alderville presents several promising investment opportunities. The consistent growth in house prices suggests that investing in residential properties could yield favorable returns over time. As the population continues to expand, demand for housing is likely to keep pushing property values upwards.
The apartment sector also presents potential for investors looking to cater to individuals or small families who prefer affordable housing options or are not yet ready to purchase larger homes. With a slower yet stable price increase, apartments might offer a more accessible entry point into the real estate market with good long-term prospects.
Given the overall market conditions and demographic trends in Alderville, investors should consider both short-term renovation-and-flip strategies as well as long-term rental property investments to capitalize on the growing market.
3. Future Market Outlook
The future market outlook for Alderville’s real estate appears optimistic. With a steady population growth rate and rising property values, there are no immediate signs indicating a downturn in market conditions. Assuming that local economic factors remain favorable and infrastructure development continues to meet the needs of an increasing population, it is reasonable to anticipate that real estate in Alderville will remain an attractive investment.
However, investors should remain vigilant about broader economic indicators and regional developments that could impact the real estate market’s trajectory. Keeping abreast of changes in interest rates, employment patterns, and government policies related to housing will be crucial for making informed investment decisions moving forward.
