Bartonville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| 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 currently presents a stable environment with a consistent growth in property values. The median house price stands at $525,000, showing a steady year-over-year increase of 4%. This indicates robust demand and a healthy level of market activity. Similarly, apartment prices are on the rise albeit at a slightly more modest pace, with the median price at $320,000 and an annual growth rate of 2.5%.
The population of Bartonville is currently around 15,500 residents, having grown by 3.3% recently. This demographic expansion is supportive of the housing market as it may signal a growing demand for housing both from renters and prospective homeowners.
Investment Opportunities and Potential
The continuous uptick in property values coupled with steady population growth suggests that Bartonville is ripe for investment opportunities. With house prices rising at a sustainable rate, investors can anticipate capital appreciation over time. Additionally, the growing population implies potential for rental investments to meet housing demand. Apartments, in particular, might appeal to first-time homebuyers or investors looking for lower entry points into the housing market.
Given the trends, newer developments and well-located properties are likely to be particularly attractive to buyers and renters alike. Investors should also consider emerging neighborhoods or areas slated for infrastructure improvements as these locales typically experience enhanced property valuations over time.
Future Market Outlook
The future market outlook for Bartonville remains optimistic based on current trends and underlying fundamentals. If the population continues to grow at its present rate or higher, it can be expected to underpin the demand for housing. Moreover, if economic conditions remain favorable with low unemployment rates and increasing household incomes, the real estate market should maintain its upward trajectory.
In light of these factors, Bartonville’s real estate market could be seen as relatively resilient with ongoing investment opportunities. However, potential investors should remain cognizant of broader economic indicators and stay informed about local developments that could impact property values.
