Amaranth, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $585,000 |
| Monthly growth | 1.4% |
| 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 | $475,000 |
| 3 bedrooms | $585,000 |
| 4 bedrooms | $700,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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
Current Market Conditions and Trends
The real estate market in Amaranth, Ontario is currently experiencing a period of moderate growth. The median house price stands at $585,000, which represents a year-over-year increase of 4.2%. This suggests a steady rise in property values that could indicate a healthy demand for single-family homes.
On the other hand, the median apartment price is somewhat lower at $320,000, with a more subdued year-over-year growth of 2.5%. This difference in growth rates between house and apartment prices may signal a stronger preference for family-sized accommodations or possibly reflect limitations in the local apartment market’s capacity to attract investment when compared to houses.
The population of Amaranth has reached approximately 15,500 residents, with an encouraging population growth rate of 3.3%. This demographic trend is likely contributing to the continued demand for housing and could be a driving force behind the market’s overall momentum.
Investment Opportunities and Potential
The positive trends observed in the Amaranth real estate market suggest that there are potential investment opportunities, particularly in the single-family home sector. The consistent growth in median house prices can be appealing for investors looking for assets that appreciate over time.
In addition to capital gains, rental properties could also present an attractive opportunity given the population growth. Investors should note, however, that understanding local rental demand and any potential developments affecting housing supply is crucial before committing to investment decisions.
Focusing on areas within Amaranth where development is upcoming or infrastructure improvements are planned could yield higher returns as these factors typically drive up property values and attract new residents.
Future Market Outlook
The future outlook for the Amaranth real estate market remains optimistic based on current data. With solid population growth and a steady increase in property values, both critical indicators point towards a resilient housing market. Assuming no major economic disruptions occur, this trend may continue into the near future.
Potential investors should monitor factors such as interest rates, employment rates within the region, and any policy changes that might affect homeownership affordability. These elements can significantly influence buyer sentiment and market dynamics.
Given the existing trends and assuming continuation of similar economic conditions, Amaranth appears poised for ongoing real estate market stability with potentials for sustained growth — making it an area worth considering for real estate investment strategies.
