Astorville, 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 current real estate market in Astorville, Ontario, is experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing sector shows a consistent upward trend. This is indicative of a healthy market with sustained demand. Similarly, the apartment sector has a median price of $300,000 and is witnessing a slower yet stable year-over-year growth of 2.1%. The population of Astorville stands at 15,000 residents and has seen a significant growth rate of 7.1%, which may contribute to the sustained demand for housing in the area.
Investment Opportunities and Potential
The ongoing trends suggest that Astorville presents viable investment opportunities, especially in residential real estate. The steady increase in property values indicates that investments made in the current climate have the potential for capital gains in the long run. Given the robust population growth, there is also potential for rental investments to yield favorable returns as demand for housing may continue to rise. Prospective investors might consider diversifying their portfolios across both houses and apartments to take advantage of the different growth rates.
Future Market Outlook
Looking ahead, the future market outlook for Astorville remains positive. The population growth rate far exceeds national averages, suggesting an increasing demand for housing will persist. If this demographic trend continues alongside economic stability, the real estate market is likely to maintain its growth trajectory. However, investors should remain vigilant about broader economic factors and regional developments that could influence market dynamics. It’s important to monitor interest rates, employment trends, and infrastructure projects which can all impact real estate values.
