Courtright, 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 Courtright, Ontario, the real estate market displays resilience with the median house price standing at $500,000, which indicates a year-over-year increase of 3.5%. This growth trend suggests a healthy demand for residential properties within the region. Similarly, the median apartment price is currently $300,000, following a slower yet positive year-over-year trend of 2.1%. The incremental growth in apartment prices could be reflective of a more cautious investor sentiment or a greater supply in the apartment sector.
The population of Courtright has climbed to 15,000 residents, showing a significant growth rate of 7.1%. This population increase may be contributing to the steady demand for housing and can be regarded as an underlying driver for the observed appreciation in property values.
Investment Opportunities and Potential
The ongoing population growth paired with consistent increases in property values presents attractive investment opportunities within Courtright’s real estate market. Investors can capitalize on both the single-family home segment and the multifamily apartment sector given their respective appreciation trends.
Single-family homes, with their higher year-over-year price increase, may offer stronger capital gains in the short to medium term. Apartments, while appreciating at a slower pace, could appeal to investors seeking more affordable entry points into the market or diversification of their investment portfolios.
Furthermore, as population growth continues and new residents seek accommodation, rental demand is likely to remain robust. This bodes well for investors who are looking toward rental income properties and long-term equity building.
Future Market Outlook
The future market outlook for Courtright’s real estate appears cautiously optimistic. With a solid population growth trajectory and sustained increases in property values, it is reasonable to expect that the demand for housing will continue to support market stability and growth.
However, it is important for investors to remain mindful of broader economic conditions, interest rate trends, and regional developments that could impact the local real estate market. Keeping abreast of infrastructure projects or policy changes that affect Courtright’s attractiveness as a place to live and work will be crucial for making informed investment decisions.
In conclusion, while current trends point towards a promising future for Courtright’s real estate market, investors should perform due diligence and consider both macroeconomic factors and local nuances when planning their investment strategies.
