Dawneuphemia, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| 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
The real estate market in Dawn-Euphemia, Ontario is currently characterized by a steady increase in property values. The median house price stands at $525,000, which indicates a year-over-year growth of 4%. This level of growth suggests healthy demand for housing in the area and a market that is becoming increasingly valuable for homeowners. Meanwhile, the apartment sector is also experiencing growth, albeit at a slightly slower pace. The median apartment price is $320,000, with a year-over-year trend showing a 2.5% increase. These figures point to a robust and balanced market that appeals to both house buyers and apartment investors.
Investment Opportunities and Potential
The investment landscape in Dawn-Euphemia presents significant opportunities, particularly in the residential property sector. Given that the population has grown by 3.3%, currently standing at 15,500 residents, there is likely an increasing demand for housing. This demographic expansion underpins the potential for rental properties and developments geared towards accommodating this growing populace. For investors looking at long-term capital gains, the steady appreciation in housing prices provides a favorable scenario. Moreover, the current trends suggest that investing in apartments could yield consistent returns due to their lower entry price point and stable growth rate.
Future Market Outlook
The future of Dawn-Euphemia’s real estate market appears promising based on the current data. The continuous population growth paired with sustained property value increases indicates an enduring demand for housing that may drive further market expansion. If these trends persist, investors can expect continued appreciation of property values over time, though it’s important to consider economic factors that may affect the regional market such as employment rates and local industry performance.
In conclusion, Dawn-Euphemia’s real estate market offers solid investment opportunities with its consistent growth in property values and population increase. Both residential homes and apartments present viable options for investors seeking portfolio diversification or direct entry into real estate. However, as with any investment decision, potential investors should conduct thorough due diligence and consider consulting with a local real estate expert before committing to investment choices.
