Bracebridge, 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
Current Market Conditions and Trends
The real estate market in Bracebridge, Ontario, is currently experiencing stable growth. With a median house price of $500,000 and an annual appreciation of 3.5%, the market demonstrates resilience and a steady upward trend. The median apartment price is set at $300,000, with a slightly slower year-over-year increase of 2.1%. This difference in growth rates suggests that houses are currently more in demand than apartments.
The population of Bracebridge has recently seen a notable increase of 7.1%, indicating a growing community that could translate into higher demand for housing. This demographic shift suggests potential for expansion in the real estate market as new residents seek accommodation.
Investment Opportunities and Potential
Given the consistent growth in property values and the increasing population, Bracebridge presents itself as an attractive location for real estate investment. The solid growth in median house prices points towards a robust market for single-family homes, which may be particularly appealing to investors looking for long-term capital gains.
The slower rate of increase in apartment prices suggests there may be opportunities to invest at a lower entry point compared to houses. Additionally, as the population continues to grow, demand for various types of housing, including apartments, is likely to rise—potentially resulting in greater returns on investment for those entering the market now.
Investors should also consider the broader economic context and infrastructure developments within Bracebridge that could affect future property values and rental demand.
Future Market Outlook
The future outlook for Bracebridge’s real estate market appears to be positive. Population growth is often a precursor to increased demand for housing, and with a 7.1% increase in residents, the market is poised to continue its upward trend. Assuming that local economic conditions remain stable or improve, we can anticipate ongoing growth in property values.
The sustained year-over-year increase in house prices suggests confidence in the market’s longevity and indicates potential for continued appreciation. However, it’s important to monitor economic indicators such as employment rates, interest rates, and regional development plans which can influence both short-term fluctuations and long-term trends.
In conclusion, while current trends point towards a favorable outlook for the Bracebridge real estate market, potential investors should maintain due diligence by staying informed about local developments that could affect market dynamics.
