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 indicates a year-over-year increase of 3.5%. This growth rate suggests a stable market with moderate appreciation in property values, making it an attractive environment for homeowners and investors alike.
Similarly, the apartment sector has seen a positive trend with the median apartment price at $300,000 and an annual growth rate of 2.1%. Though the increase in apartment prices is slightly lower than that of houses, it shows a consistent upward trajectory which is indicative of a healthy demand for more affordable housing options within the region.
The population of Arran-Elderslie stands at approximately 15,000 residents with a notable population growth of 7.1%. This demographic expansion is a key driver for housing demand and contributes to the vitality of the local real estate market.
Investment Opportunities and Potential
The ongoing appreciation in property values presents several investment opportunities within the Arran-Elderslie real estate market. Residential properties, particularly houses, offer potential for capital gains given their stronger growth trend relative to apartments. However, apartments should not be overlooked as they provide accessible entry points into the market for both renters and investors.
Demand for rental properties is likely to increase parallel to the population growth, suggesting that rental investments could yield profitable returns through both rental income and property value appreciation. Moreover, as the community continues to expand, there may be prospects for new developments and renovation projects that could cater to the increasing housing needs of residents.
Future Market Outlook
The future outlook for Arran-Elderslie’s real estate market appears optimistic. Assuming current trends continue, moderate yet steady growth can be expected across both housing and apartment sectors. Population increases should sustain demand for residential properties and encourage further development within the area.
Investors looking towards long-term holdings are likely to benefit from the ongoing appreciation in property values. Nonetheless, it is essential for stakeholders to monitor economic conditions, interest rates, and regional developments that could impact market dynamics. Strategic investments that align with comprehensive market analysis will be critical in capitalizing on Arran-Elderslie’s growing real estate landscape.
