Craighurst, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $460,000 |
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 Craighurst, Ontario
In the quaint town of Craighurst, Ontario, the real estate market has been exhibiting steady growth. The median house price stands at $525,000, which represents a year-over-year increase of 4%. This suggests a stable market with consistently appreciating property values. Similarly, the median apartment price is currently $310,000, following a slightly more modest year-over-year trend of 2.5%. These figures indicate that while both segments of the housing market are growing, houses are gaining value at a faster rate than apartments.
The population in Craighurst has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion is likely contributing to the demand for housing in the area and may be a driving force behind the observed price trends.
Investment Opportunities and Potential in Craighurst
Given the positive trajectory of house prices and the sustained population increase, Craighurst presents attractive investment opportunities. Investors looking to capitalize on this growth may find single-family homes particularly promising due to their stronger appreciation rate. The current market conditions suggest that there is ongoing demand for such properties, which could translate into solid returns on investment through both capital gains and rental income.
Apartments offer a more affordable entry point into the real estate market for both investors and first-time homebuyers. With a 2.5% price increase year-over-year, apartment investors can expect stable appreciation, albeit at a slower pace compared to houses. However, this also means potentially lower vacancy rates and consistent rental demand from those seeking more affordable living options or downsizing.
Future Market Outlook for Craighurst Real Estate
The future market outlook for Craighurst remains optimistic. The consistent population growth suggests an ongoing need for housing which should help maintain upward pressure on property values. Assuming no major economic disruptions occur, both segments of the housing market—houses and apartments—are expected to continue their steady growth trajectory.
The sustained rise in median house prices indicates confidence in the local real estate market’s stability and long-term potential. As long as the local economy remains strong and infrastructure development keeps pace with population growth, Craighurst’s real estate market is likely to remain appealing to both homebuyers and investors alike.
In conclusion, with mindful consideration of economic factors and attention to regional developments, stakeholders can approach the Craighurst real estate market with cautious optimism. Prospective buyers and investors should continue to monitor local trends closely while considering both current conditions and long-term outlooks when making decisions.
