Coboconk, 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 Coboconk, Ontario
The real estate market in Coboconk, Ontario, is currently characterized by steady growth. The median house price stands at $500,000, which marks a 3.5% increase over the past year. This indicates a healthy trend for homeowners and sellers as the market demonstrates resilience and a consistent appreciation of property values.
In contrast, the apartment sector has experienced a more modest growth rate. The median apartment price is currently $300,000, with an annual growth rate of 2.1%. Although this is lower than the growth for houses, it still signifies a stable investment environment for those looking at purchasing condominiums or other multi-family properties.
The population of Coboconk has been on an upward trajectory with a significant growth rate of 7.1%, bringing the current population to approximately 15,000 residents. This demographic expansion is likely contributing to the increased demand for housing in the area and can be seen as a positive indicator for future real estate activities.
Investment Opportunities and Potential in Coboconk, Ontario
The real estate market in Coboconk presents various investment opportunities. Given the consistent rise in housing prices and population growth, investing in residential properties appears promising. Single-family homes represent an opportunity for capital gains due to their higher annual appreciation rate compared to apartments.
Moreover, investors should also consider the potential in the apartment sector despite its slower growth rate. The increasing population could lead to higher demand for rental properties, particularly apartments that cater to smaller households or individuals looking for more affordable housing options.
The commercial real estate market might also benefit from the population boom, as new residents will require services and retail options. Therefore, investing in commercial properties with the intent to lease them to businesses could be another viable strategy.
Future Market Outlook for Coboconk, Ontario
The future outlook of the Coboconk real estate market remains optimistic based on current trends and data. If the population continues to grow at its current pace, we can expect sustained demand for both residential and commercial real estate.
An ongoing increase in house prices suggests that Coboconk will continue to be an attractive location for buyers looking for long-term investments as well as families seeking community-oriented living environments. Should these trends persist, property owners may see their investments appreciate further over time.
However, market analysts should monitor local economic developments and potential shifts in migration patterns that could affect demand. As it stands now, Coboconk’s real estate market holds promise for investors and seems poised for continued positive performance in the foreseeable future.
