Desboro, 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
The real estate market in Desboro, Ontario currently presents a moderately appreciating housing landscape, as evidenced by the recent data. The median house price in Desboro stands at $500,000, with a year-over-year increase of 3.5%. This rate of growth suggests a stable market that is attracting homeowners due to its balance between affordability and value appreciation.
In the apartment sector, the median price is currently $300,000, which has seen a slightly lower appreciation rate of 2.1% year-over-year. This indicates a steady demand for apartment living, possibly driven by singles, young professionals, or small families seeking more affordable housing options within the community.
The population of Desboro is approximately 15,000, and it has experienced significant growth at a rate of 7.1%. This surge in population is a positive indicator for the real estate market as it may lead to increased demand for housing across both the residential and rental sectors.
Investment Opportunities and Potential
The current trends in Desboro suggest that there are promising investment opportunities within the real estate market. The steady appreciation in home values provides potential investors with confidence in the market’s stability and long-term growth prospects. Investment properties in both the house and apartment segments could yield considerable returns through capital gains over time.
Demand for rental accommodations may also rise due to population growth, which could translate into favorable conditions for investors looking to enter the rental market. Given the current trends, investing in multi-family units or developing purpose-built rental properties could be particularly advantageous as they cater to a growing demographic seeking flexible living arrangements.
Future Market Outlook
The future outlook for the Desboro real estate market looks positive based on current indicators. The consistent growth in property values and an expanding population suggest ongoing demand for housing. Assuming these trends continue, we can anticipate further development within the community to accommodate this need.
Infrastructure improvements often accompany population growth, which could enhance Desboro’s appeal as a residential destination and potentially boost property values further. Investors should monitor local economic developments and zoning changes that might affect future property demand and prices.
Careful attention should be directed towards factors such as interest rates, employment rates, and regional economic health that could impact buyer purchasing power and investment returns. Staying informed on these elements will help stakeholders make educated decisions about entering or exiting the Desboro real estate market.
