Denbigh, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Denbigh, Ontario
The real estate market in Denbigh, Ontario, is currently experiencing modest but steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market demonstrates resilience and a positive trajectory. Similarly, the median apartment price is set at $300,000, growing at a slightly slower pace of 2.1% year-over-year. This differential growth pattern suggests that houses are currently a more dynamic segment compared to apartments.
Denbigh’s population stands at 15,000 residents, which has grown by 7.1%. This significant population increase is likely contributing to the demand for housing in the area, subsequently impacting prices and market activity. The healthy population growth indicates both the appeal of Denbigh as a residential location and the potential for continued demand for housing.
Investment Opportunities and Potential in Denbigh, Ontario
In light of the current market trends and demographic data, investment opportunities in Denbigh seem promising. The consistent appreciation in house prices suggests that investing in residential properties could yield attractive returns over time. The relatively higher growth rate for houses compared to apartments may attract investors looking for assets with greater capital gains potential.
Additionally, with the region’s robust population growth, there is an underlying demand for rental properties. Investors could capitalize on this by purchasing properties to rent out, potentially securing stable rental income streams while also benefiting from property value appreciation. Moreover, new developments and construction projects could be lucrative ventures given the expanding local populace.
Future Market Outlook for Denbigh, Ontario
The future real estate market outlook for Denbigh appears optimistic based on current indicators. Assuming that the population continues to grow at its current pace or even accelerates due to emerging economic opportunities or lifestyle factors attracting new residents, housing demand is expected to remain strong.
If current trends persist or improve further, we could anticipate continued appreciation in property values across both houses and apartments. However, it is crucial for investors and potential homeowners to keep an eye on broader economic conditions and interest rates as they can influence mortgage affordability and ultimately impact buyer demand.
In conclusion, Denbigh’s real estate market presents viable opportunities for investment with a positive short-to-medium term outlook predicated on sustained population growth and ongoing property value appreciation trends.
