Bartonville, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $550,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $320,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $550,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $270,000 |
2 bedrooms | $370,000 |
3 bedrooms | $470,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bartonville, Ontario, is currently experiencing a period of steady growth. With the median house price at $550,000 and observing a 4% year-over-year increase, the market demonstrates healthy appreciation. This trend is slightly more conservative compared to the national average but indicates a stable investment environment. The median apartment price stands at $320,000, showing a more modest growth of 2.5% year-over-year. Such growth rates suggest that the Bartonville housing market is progressing at a sustainable pace.
Bartonville’s population has witnessed an impressive growth rate of 3.3%, signalling an expanding market with increasing demand for housing. The influx of new residents likely contributes to the steady price appreciation and suggests continued market activity. This demographic trend can be seen as encouraging for both buyers and sellers, indicating a dynamic market environment.
Investment Opportunities and Potential
Investors considering Bartonville will find potential in both the single-family home sector and the apartment market. Single-family homes, with their stronger appreciation rate, offer attractive opportunities for medium to long-term investments. The solid growth in property values coupled with a growing population implies a consistent demand for housing.
Apartments represent an alternative investment opportunity with a lower entry price point at $320,000. While they exhibit slower growth in comparison to houses, they are still increasing in value and may offer better liquidity given their affordability. Rental properties could also be considered by investors due to the population increase, as newcomers may initially look for rental accommodations before purchasing homes.
Future Market Outlook
Looking forward, Bartonville’s real estate market appears primed for continued growth. The consistent increase in property values across both houses and apartments points towards ongoing confidence in the local real estate market. As long as the population continues to rise at its current rate or higher, demand for housing should sustain this trajectory.
However, prospective investors and homebuyers should remain aware of broader economic conditions that may impact interest rates, employment levels, and overall affordability – all of which can affect real estate markets. With current trends showing positive indicators, Bartonville’s real estate future looks optimistic provided that economic fundamentals remain stable.