Avon, 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
1. Current Market Conditions and Trends
The real estate market in Avon, Ontario, currently presents a stable and incrementally appreciative environment. With a median house price of $500,000, the market has experienced a year-over-year growth of 3.5%. This indicates a healthy demand for homes that is likely sustained by both local factors and broader provincial economic trends. Similarly, the apartment sector shows a positive trajectory with a median price of $300,000 and an annual appreciation of 2.1%. This more modest growth rate suggests that while there is interest in multi-family dwellings, it may not be as robust as the single-family home market.
The population of Avon stands at approximately 15,000 residents, with a significant growth rate of 7.1%. This demographic expansion is indicative of Avon’s attractiveness as a residential destination and can be seen as a contributing factor to the ongoing demand for housing within the area.
2. Investment Opportunities and Potential
The steady increase in property values across both houses and apartments suggests that Avon offers promising investment opportunities for those looking to enter or expand their presence in the real estate market. Investors might find particular potential in purchasing single-family homes due to their higher appreciation rate; however, apartments should not be overlooked given their lower entry price point and consistent year-over-year value increase.
Demand for rental properties is likely to be on the rise given the population growth, which could provide attractive returns for investors seeking to operate rental units. Additionally, new developments or renovations in older properties could appeal to buyers if they are priced competitively within this upward-trending market.
3. Future Market Outlook
The outlook for Avon’s real estate market remains positive. The persistent population growth combined with steady appreciation rates across housing types points toward sustained long-term demand. Barring any unforeseen economic disruptions at national or global levels, Avon’s market seems poised for continued gradual growth.
Investors should monitor key indicators such as employment rates, infrastructure developments, and regional economic policies which can influence future property values. Moreover, staying attuned to shifts in consumer preferences—such as increased desire for remote-friendly dwellings or green homes—could uncover additional avenues for investment that align with evolving market trends.
In summary, Avon’s real estate landscape presents both stability for homeowners and potential for investors—a balance that underpins a cautiously optimistic forecast for its future market performance.
