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
The real estate market in Coboconk, Ontario is currently showing a steady increase in property values. The median house price stands at $500,000, which has seen a year-over-year growth of 3.5%. This indicates a healthy demand for housing in the area, reflective of both local economic stability and the appeal of Coboconk as a residential community.
Similarly, apartments are also experiencing a positive trend with the median price at $300,000 and an increase of 2.1% over the past year. This slower rate of increase compared to houses suggests that the market for apartments is growing but at a more modest pace. These trends are underpinned by the area’s population growth of 7.1%, which is likely contributing to the demand for both types of housing.
Investment Opportunities and Potential
Given the steady growth in property prices and the significant population increase, Coboconk presents compelling investment opportunities. The consistent appreciation in house prices may interest investors looking for long-term capital gains, while the demand for apartments could signal opportunities in rental investments or entry-level housing options.
The current market conditions suggest that there is still room for growth, especially as the population continues to expand. Investors might consider capitalizing on developing properties that cater to new residents or exploring renovations and flips within established neighborhoods to meet the increasing demand for modernized living spaces.
Future Market Outlook
Looking forward, the Coboconk real estate market shows promising signs for continued growth. The sustained population increase implies a stable demand for housing, which should support ongoing property value appreciation. If current trends persist, we can expect house prices to continue their upward trajectory while apartment prices may experience similar albeit slower growth rates.
However, potential investors and homeowners should remain aware of broader economic factors that could impact these trends, such as interest rates changes or regional employment opportunities. Careful monitoring of local development plans and infrastructure improvements will also be key in forecasting future market performance.
In conclusion, Coboconk’s real estate market appears robust with favorable conditions for investment and positive projections for future growth. Stakeholders are advised to stay informed on market developments to make strategic decisions.
