Arthur, 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
The real estate market in Arthur, Ontario is currently characterized by a steady increase in property values. With a median house price of $500,000, the market has experienced a year-over-year growth of 3.5%. This suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price stands at $300,000, following a slightly more modest year-over-year uptick of 2.1%. This growth in apartment prices indicates a sustained interest in more affordable and potentially more flexible housing options.
The population of Arthur has reached 15,000 residents, reflecting a significant growth rate of 7.1%. Such demographic expansion can be linked to the town’s rising appeal as a residential destination, likely driven by its comparatively affordable housing options and quality of life when juxtaposed against larger urban centers.
Investment Opportunities and Potential
Given the steady appreciation in property values and notable population increase, Arthur presents several compelling investment opportunities. The consistent growth in house prices points to robust investment potential for single-family homes. These properties not only cater to long-term residents but also to newcomers seeking stability as the town expands.
Apartments represent an attractive entry point for investors due to their lower median price point and solid price trend growth. Investors could potentially capitalize on both rental income and capital appreciation given the increasing demand for rental accommodations amidst population growth. Additionally, new development projects could be highly lucrative if they align with the housing needs of the growing community.
Future Market Outlook
The future outlook for Arthur’s real estate market appears optimistic. Should current trends persist, continued property value appreciation is likely, supported by ongoing population growth and sustained demand for housing. Infrastructure developments and community investments accompanying population expansion could further enhance property values over time.
However, it is crucial for investors to monitor local economic factors and broader national real estate trends that may influence Arthur’s market dynamics. Factors such as interest rate changes, economic stability, and regional employment opportunities will play critical roles in shaping the long-term trajectory of property values within the town.
