Arranelderslie, 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 (2025) | 15,000 |
Previous Population (2020) | 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
The real estate market in Arran-Elderslie, Ontario is currently experiencing steady growth. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This suggests a healthy demand for housing in the area, potentially driven by both local factors and broader provincial trends. Similarly, the median apartment price has reached $300,000, with a slightly lower growth trend of 2.1% year-over-year. This difference in growth rates indicates that houses are currently a more dynamic segment of the market compared to apartments.
The population of Arran-Elderslie has seen a notable increase of 7.1%, which is likely contributing to the demand for housing and supports the positive trends in property values.
Investment Opportunities and Potential
Given the steady appreciation in house and apartment prices, Arran-Elderslie presents several attractive investment opportunities. The consistent growth in median house prices suggests that investing in residential properties could yield favorable returns. The robust population growth further underpins the potential for rental properties to generate sustainable income, as an influx of residents may lead to increased demand for rental accommodation.
Investors looking for long-term capital appreciation might consider single-family homes due to their higher rate of price increase. However, those interested in entering the market at a lower price point or seeking a more diversified portfolio could also find value in the apartment sector, despite its slower growth rate.
Future Market Outlook
The future outlook for Arran-Elderslie’s real estate market remains optimistic based on current trends. If the population continues to grow at a similar pace, it is reasonable to expect ongoing demand for housing which should support further property value increases. The current economic conditions and projections for Ontario’s overall economic health will also play a significant role in shaping local real estate dynamics.
In conclusion, Arran-Elderslie’s real estate market appears poised for continued growth with promising opportunities for investors. Both market stability and potential gains make it an appealing option for those looking to invest in Ontario’s residential property market.