Atherley, 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
1. Current Market Conditions and Trends
The real estate market in Atherley, Ontario is currently experiencing steady growth. The median house price stands at $500,000, showing a healthy year-over-year increase of 3.5%. Similarly, the median apartment price has reached $300,000, with a slower but consistent year-over-year growth of 2.1%. This indicates a sustained demand for housing in the area.
The population of Atherley has grown by 7.1% which suggests an expanding community that may be driving the demand for real estate. This demographic trend can result in increased consumer spending and investment in local infrastructure, further stimulating the market.
2. Investment Opportunities and Potential
In light of the current market conditions, Atherley presents several attractive investment opportunities. The solid growth in house prices suggests that purchasing residential property could yield considerable returns over time. Investment in apartments is also promising due to their more accessible price points and the growing population’s need for diverse housing options.
Investors looking to capitalize on rental income will find that Atherley’s growing populace provides a stable pool of potential tenants. Moreover, the town’s continuous development could lead to appreciation in property values over the long term, benefiting equity-focused investors.
3. Future Market Outlook
The future real estate market outlook for Atherley is positive. The sustained population growth indicates an ongoing demand for housing, which should underpin property values. Assuming that current economic conditions prevail and the population trend continues upwards, we can anticipate further growth in both house and apartment prices.
However, investors should remain cognizant of broader economic factors and regulatory changes that might impact interest rates, borrowing costs, and real estate taxation — all of which can affect market dynamics. Nevertheless, given Atherley’s current trajectory, the real estate sector looks set to remain robust for the foreseeable future.
