Ardbeg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| 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 | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Ardbeg, Ontario is currently experiencing steady growth. With a median house price of $525,000 and an annual appreciation trend of 4%, the market reflects a healthy demand for single-family homes. The median apartment price stands at $315,000, with a slightly lower appreciation rate of 2.5% year-over-year. This suggests that while apartments are also increasing in value, the demand is more robust for houses in the area.
The population of Ardbeg has reached 15,200 residents, with a notable growth rate of 2.7%. This demographic trend could suggest an increasing demand for housing as more people move to the area for its amenities and lifestyle offerings.
Investment Opportunities and Potential
Given the solid growth in both property values and population size, Ardbeg presents attractive investment opportunities. The consistent increase in house prices indicates a strong single-family home market that could offer favorable returns to investors over time. Apartments also show potential for growth but at a more moderate pace.
Investors looking to capitalize on rental income may find the expanding population base promising, as new residents may initially seek rental accommodations before purchasing homes. Additionally, given the gradual price increase for apartments, these could be a more accessible entry point into the real estate market for investors.
Future Market Outlook
The future market outlook for Ardbeg remains positive. The sustained population growth will likely continue to drive demand for housing. If economic conditions remain stable and interest rates are favorable, we can anticipate ongoing appreciation in property values.
However, prospective investors should monitor several indicators such as employment rates, infrastructure developments, and any changes in local government policies affecting real estate to maintain an informed perspective on the long-term viability of their investments.
In summary, Ardbeg’s real estate market shows promising signs for both current stability and future growth potential. Investors should consider both single-family homes and apartments when looking at opportunities in the area but remain vigilant about monitoring market conditions.
