Courtright, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Courtright, Ontario
The real estate market in Courtright, Ontario is currently experiencing a period of steady growth. The median house price stands at $525,000, with a year-over-year increase of 4%. This trend indicates continued demand for residential properties within the area. Similarly, the apartment sector is also showing positive movement, with the median apartment price reaching $310,000 and witnessing a 2.5% rise from the previous year.
Driving these trends is a burgeoning population that has grown by 3.3%, suggesting an influx of individuals and families to Courtright. This demographic shift likely contributes to the sustained property value appreciation as demand for housing rises with the growing community.
Investment Opportunities and Potential in Courtright
For investors eyeing Courtright’s real estate market, several opportunities present themselves. The consistent upward trajectory in house and apartment prices implies a market that offers potential for capital gains over time. The steady population increase further enhances this potential as it may lead to a higher demand for rental properties, thus providing investors with opportunities to explore both long-term equity growth and immediate cash flow through rental income.
Given the current trends, investors may find particular value in acquiring properties that cater to the needs of new residents or those seeking to upgrade their living situations in response to personal life changes attributed to the population growth.
Future Market Outlook for Courtright Real Estate
The future market outlook for Courtright’s real estate appears cautiously optimistic. Assuming the continuation of current economic conditions and demographic trends, a moderate yet steady growth in property values can be expected. The 4% increase in median house prices and 2.5% rise in apartment prices are healthy indicators that do not suggest an overheated market but rather an environment conducive to sustainable growth.
As long as population numbers continue their upward climb and economic fundamentals remain stable, Courtright should maintain its appeal to both residents and investors alike. However, it is important for stakeholders to keep abreast of any changes in local employment rates, infrastructure developments, or national economic policies that could influence future market dynamics.
In conclusion, while no market is without risk, Courtright offers promising conditions for real estate investment and ownership based on current data and observable trends. Investors and prospective homeowners should consider these factors carefully when making decisions in this market.
