Appin, 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 in Appin, Ontario
The real estate market in Appin, Ontario is currently experiencing moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. The apartment sector is also trending upwards but at a slightly slower pace; the median apartment price stands at $300,000, with a 2.1% year-over-year increase. This growth is reflective of a healthy demand in the area’s real estate, buoyed by Appin’s growing population, which has recently expanded by 7.1%.
Investment Opportunities and Potential
Investors considering the Appin real estate market have promising opportunities ahead. The steady increase in property values suggests a stable investment environment. The housing sector presents more significant growth potential with its higher year-over-year price trend. However, apartments offer an accessible entry point for investors due to their lower median price and consistent appreciation rate. Given Appin’s population boom, rental properties may become increasingly desirable, potentially providing strong rental yields and long-term capital gains for investors.
Future Market Outlook
Looking ahead, the future market outlook for Appin appears optimistic. Population growth is a key driver for real estate demand and with an impressive growth rate of 7.1%, it can be anticipated that demand for housing will continue to rise. If this population trend continues alongside economic stability, it is likely that both house and apartment prices will maintain an upward trajectory. Investors and homeowners alike should monitor infrastructure developments and employment opportunities within the region as these factors will also play a crucial role in shaping the market’s future.
