Cottam, 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 Cottam, Ontario, is currently experiencing a steady increase in housing prices. With the median house price at $500,000 and a year-over-year growth of 3.5%, the market is showing signs of healthy demand. The apartment sector, with a median price of $300,000, is also progressing with a more modest year-over-year increase of 2.1%. This growth is supported by the expanding population in Cottam, which has seen an uptick of 7.1%, suggesting a robust local economy and an influx of new residents looking for housing. The balanced appreciation in property values points to a stable market that is able to accommodate both buyers and sellers effectively.
Investment Opportunities and Potential
For investors considering the Cottam real estate market, there are promising opportunities especially in residential properties. The consistent growth in median house prices indicates potential for capital gains over time. Moreover, the increasing population could spur demand for rental properties, making investment in apartments an attractive prospect with expected returns on investment through rental income. It’s important for investors to note that as the community grows, there could be an expanded need for diverse housing options, potentially opening doors to developments in both the single-family homes segment and multi-residential buildings.
Future Market Outlook
The future outlook for Cottam’s real estate market appears positive with continuous population growth serving as a key driver for housing demand. Assuming the current trends persist, property values are likely to maintain their upward trajectory albeit at a sustainable rate. This forecasted stability bodes well for long-term investments as it reduces the risk associated with sharp market fluctuations. However, potential investors and homebuyers should remain vigilant of national economic factors and local developments that could influence market dynamics. Staying informed will be crucial for navigating Cottam’s evolving real estate landscape successfully.
