Centreton, 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
Current Market Conditions and Trends in Centreton, Ontario
The real estate market in Centreton, Ontario, is currently experiencing a period of steady growth. The median house price stands at $500,000, with an annual appreciation trend of 3.5%. This reflects a healthy demand for single-family homes in the area. Meanwhile, the median apartment price is somewhat lower, at $300,000, which has seen a slightly more modest year-over-year increase of 2.1%. The different growth rates suggest that while there is a demand for both types of properties, houses are currently in higher demand.
Centreton’s population has grown by 7.1%, which is likely contributing to the upward pressure on property prices due to increased demand. This demographic expansion can be attributed to various factors such as natural population growth, migration from other regions seeking employment opportunities or lifestyle changes, as well as the town’s attractiveness to first-time homebuyers and investors alike.
Investment Opportunities and Potential in Centreton
Investors looking towards Centreton will find potential due to its growing population and increasing property values. The consistent appreciation in housing prices indicates a robust investment opportunity for those interested in long-term capital gains. The market for apartments also presents an opportunity for those looking to invest in rental properties, catering to individuals or smaller households that may not be ready or interested in purchasing larger homes.
Furthermore, the ongoing population growth suggests a continuous need for housing, which may spur development projects. Investors might consider not only existing properties but also new construction opportunities where they can capitalize on potentially higher returns.
Future Market Outlook for Centreton Real Estate
The future outlook for Centreton’s real estate market remains positive. Given the steady increase in the population and the current trends of property value appreciation, it is reasonable to anticipate that the demand for housing will persist, fostering further growth in property values over time. However, investors and potential homeowners should stay informed on local economic developments and any changes to municipal policies that may impact real estate dynamics.
Moreover, as with any real estate market analysis, potential external factors such as interest rate changes, national economic shifts, and global events could influence local market conditions. Keeping abreast of these variables will be crucial for anyone interested in Centreton’s real estate landscape.
In conclusion, Centreton presents an attractive profile for both residential homebuyers and real estate investors—with positive indicators suggesting continued growth and stability in the housing market.
