Clearville, 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
The real estate market in Clearville, Ontario currently presents a steady growth pattern. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing consistent upward movement. In comparison, the median apartment price stands at $300,000, with a slightly lower year-over-year increase of 2.1%. This suggests that houses are experiencing a marginally higher demand relative to apartments.
The population of Clearville has reached approximately 15,000 residents, with a notable growth rate of 7.1%. Such demographic expansion suggests an increasing demand for housing which could be contributing to the observed price trends.
Investment Opportunities and Potential
The robust population growth paired with consistent price appreciation indicates healthy investment opportunities in Clearville. Investors may find particular interest in the housing market due to its higher growth rate. As the population increases, demand for both rental and owner-occupied properties is likely to rise.
Apartments offer a lower entry point for investors at $300,000 and may appeal to those looking for more affordable investment options or wanting to cater to individuals or small families who prefer apartment living. The stable growth in apartment prices suggests a sustainable investment potential with modest capital appreciation over time.
Future Market Outlook
The future outlook for Clearville’s real estate market appears promising given the current trends and demographic projections. If the population continues to grow at the reported rate, it will likely further stimulate the housing demand. Assuming other economic factors remain favorable, investors can expect a continuation of steady property value increases across both houses and apartments.
In light of these factors, potential investors are advised to monitor key economic indicators such as employment rates, income levels, and regional development plans that could influence real estate values further. Those considering entering the market may find it advantageous to act while the population growth is driving consistent demand for properties in Clearville.
