Ariss, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $565,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $325,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $565,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $275,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Ariss, Ontario is currently experiencing a steady growth. With a median house price of $565,000, reflecting a 4% year-over-year increase, and a median apartment price of $325,000 with a 2.5% year-over-year increase, the market is showing consistent appreciation in property values. These trends indicate a healthy demand for housing coupled with a market that remains attractive to both homebuyers and investors. The population growth of 3.3% suggests that the area is expanding, potentially leading to increased demand for housing in both the short and long term.
Investment Opportunities and Potential
Investors looking at Ariss have several opportunities to capitalize on the local real estate market’s positive trajectory. Considering the steady appreciation in housing prices, investors can expect potential capital gains over time. Properties such as single-family homes and apartments are showing stable growth rates, implying that investments could be less volatile compared to markets with more aggressive fluctuations. The current median prices suggest that there is room for entry-level investment opportunities, especially in the apartment sector, making it accessible for new investors as well.
Future Market Outlook
The future outlook for Ariss’s real estate market appears promising due to its sustained population growth and housing price trends. The consistent increase in median house and apartment prices indicates that the market has not yet reached a plateau and may continue to grow. If the population continues to rise at its current rate of 3.3%, demand for housing will likely persist, underpinning further growth in property values. This demographic trend supports a cautiously optimistic view for both residential stability and investment potential in Ariss’s real estate market.
