Deseronto, 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
As of the latest market data, Deseronto, Ontario is experiencing a stable real estate environment. The median house price in the area stands at $500,000, reflecting a moderate year-over-year growth of 3.5%. This increment signifies a healthy appreciation in property values while still being accessible to a range of buyers. Similarly, the median apartment price is currently at $300,000, with a slower but steady increase of 2.1% year-over-year. These trends indicate a balanced market that has not been overheated by rapid price escalations.
The town’s population of 15,000 has seen a significant increase of 7.1%, suggesting an inflow of residents attracted by Deseronto’s amenities and quality of life. This demographic shift is likely to support ongoing demand for housing in both the purchase and rental segments.
Investment Opportunities and Potential
The current growth in property values combined with the increasing population suggests a robust potential for real estate investment in Deseronto. The steady rise in housing prices points towards long-term capital gains for investors who enter the market now. Moreover, the rental market may offer attractive returns as new residents look for accommodations, potentially driving up rental yields for apartment owners.
In light of these factors, opportunities for investment are particularly promising for those considering purchasing residential properties to rent out. Additionally, there is potential for developers to respond to the growing demand through new construction projects that cater to the diverse needs of an expanding population.
Future Market Outlook
Looking ahead, the future market outlook for Deseronto remains optimistic. The continued population growth should underpin demand for housing and help sustain property value appreciation over time. While current trends show moderate price increases, maintaining affordability relative to larger urban markets may attract further inward migration which could provide additional support to local real estate values.
Careful monitoring of economic factors and housing supply will be crucial as they could influence future market dynamics. Assuming a steady economic backdrop and controlled expansion in housing inventory, Deseronto’s real estate market is projected to maintain its current trajectory of incremental growth without facing extreme volatility.
