Clarksburg, 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 Clarksburg, Ontario
The real estate market in Clarksburg, Ontario is currently exhibiting stable growth, as evidenced by the median house price standing at $500,000 with a year-over-year increase of 3.5%. This increment suggests that the market is experiencing healthy demand, likely driven by positive local economic factors and the appeal of Clarksburg’s living conditions. Apartments have also seen a rise in value, though at a slightly more modest rate of 2.1% year-over-year, with the median apartment price now at $300,000.
Clarksburg has been experiencing substantial population growth at a rate of 7.1%, which is significantly higher than the national average. Such robust demographic expansion can be attributed to Clarksburg’s attractive amenities, quality of life, and its potential for economic development. This rapid increase in population is likely contributing to the steady demand for housing in the area.
The overall market conditions are characterized by steady price appreciation and growing demand. However, it is important for investors and homebuyers to monitor inventory levels and interest rates, as these factors can affect affordability and influence market dynamics over time.
Investment Opportunities and Potential in Clarksburg
The current growth trajectory of Clarksburg’s real estate market suggests promising investment opportunities. The consistent rise in median housing prices indicates a favorable environment for real estate investment and capital gains over time. With single-family homes appreciating at a rate of 3.5% annually, investors can expect solid returns on investments made in this segment.
Moreover, the apartment sector presents an attractive avenue for those looking to enter the market at a lower price point or invest in rental properties. With an annual appreciation rate of 2.1%, apartments offer potential for both rental income and long-term property value increases.
Given the notable population growth, there is likely to be sustained demand for rental accommodation, making it an ideal time for investors to consider building or buying rental properties. This demographic trend could also signal future opportunities in developing housing tailored to meet the needs of a growing community.
Future Market Outlook for Clarksburg
The future market outlook for Clarksburg remains optimistic based on current trends and data. The robust population growth rate suggests that demand for housing will continue to rise, potentially leading to increased property values over time. If the local economy continues to provide employment opportunities and attract residents, this trend is likely to persist.
Looking ahead, investors and homebuyers should pay close attention to economic indicators such as job growth rates, infrastructure development projects, and changes in local government policies that could impact the real estate market. Additionally, keeping an eye on national economic trends will be crucial since fluctuations in interest rates and lending practices can influence buyer affordability and market activity levels.
In conclusion, while no market is without risk, Clarksburg offers solid investment opportunities backed by positive trends in property appreciation and population growth. Prudent investors should continually assess these dynamics as they evolve to make informed decisions about entering or adjusting their positions within this vibrant real estate market.
