Desbarats, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| 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 | $620,000 |
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 Desbarats, Ontario, the real estate market is currently experiencing a steady growth in property values. The median house price stands at $525,000 with a year-over-year increase of 4%. This indicates a healthy market where property values are appreciating at a moderate pace. Similarly, the median apartment price is $320,000, having increased by 2.5% over the past year. This slower growth rate in apartment prices compared to houses suggests that there may be a higher demand for single-family homes or that apartments are in an earlier stage of market acceleration.
The population of Desbarats is 15,500 and has seen a growth rate of 3.3%. This rise in population can be attributed to both natural growth and migration into the area, which in turn increases demand for housing. The growing population is a positive sign for real estate as it may lead to sustained demand for housing in the region.
Investment Opportunities and Potential
The consistent growth in housing prices coupled with an increasing population suggests that Desbarats presents viable investment opportunities. For those considering investing in real estate, single-family homes appear to be the most promising sector due to their higher appreciation rate compared to apartments. Investors should also consider demographic trends and the possibility of catering to specific market segments such as young families or professionals who might be driving the demand for housing.
Additionally, while the increase in apartment prices is more modest, they may present an opportunity for investors looking for long-term investments and rental income properties. With population growth outpacing national averages, there will likely be continued demand for diverse types of housing including rental units.
Future Market Outlook
Looking ahead, Desbarats’ real estate market appears poised for continued growth albeit at a sustainable rate. The ongoing population increase will likely continue to drive demand for housing across all sectors. Assuming no significant economic disruptions occur locally or nationally, the market trends suggest that both house and apartment prices will continue on an upward trajectory.
It’s important for potential investors and homeowners to monitor factors such as interest rates, employment rates within Desbarats, and broader economic indicators that could impact buyers’ purchasing power and thus affect the real estate market dynamics.
Overall, based on current data and trends, Desbarats’ real estate market appears robust with favorable conditions suggesting that it is an opportune time for investment considering both short-term gains through resale and long-term gains through rental income and capital appreciation.
