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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Arthur, Ontario is currently experiencing steady growth. With a median house price of $500,000, the market has seen an increase of 3.5% year-over-year. This suggests a healthy demand for single-family homes and indicates a stable environment for homeowners. The median apartment price stands at $300,000 with a slower growth rate of 2.1% year-over-year, reflecting a more moderate but consistent interest in smaller residential options or investment properties.
Given the town’s population of 15,000 and an impressive population growth rate of 7.1%, Arthur is likely attracting newcomers due to its affordability compared to larger urban centers, as well as its appealing small-town charm combined with the necessary amenities.
Investment Opportunities and Potential
Arthur presents several attractive investment opportunities within the real estate sector. The steady growth in house prices coupled with the significant population increase suggests that the demand for housing will continue to rise. Investors could benefit from purchasing residential properties to cater to the growing population or capitalizing on potential rental income.
The slower growth rate in apartment prices also opens up opportunities for investors looking to enter the market at a lower price point while still being able to expect gradual appreciation on their investments. Given the demographic trends and sustained interest in more affordable living options outside of major urban centers, Arthur’s apartment segment may represent an undervalued asset with room for growth.
Future Market Outlook
The future market outlook for Arthur appears positive. With a strong year-over-year population growth rate of 7.1%, it is likely that there will be continued demand for both houses and apartments in the area, leading to further price appreciation and investment potential. The sustained trend in property value increase points towards a robust market that is expected to maintain its momentum into the foreseeable future.
Investors should monitor local developments closely, as infrastructure improvements and community investments could further enhance property values. Additionally, as remote work continues to be prevalent post-pandemic, towns like Arthur might become increasingly attractive to those seeking more space and a better quality of life outside of densely populated city areas.
