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
The real estate market in Deseronto, Ontario is currently experiencing modest growth with house prices increasing by 3.5% year-over-year, bringing the median house price to approximately $500,000. Similarly, the apartment sector shows a positive trend with a 2.1% increase year-over-year, and a median price standing at $300,000. This steady growth is underpinned by a robust population increase of 7.1%, which has expanded the local community to around 15,000 residents. These statistics suggest a healthy demand for housing in Deseronto, buoyed by demographic growth.
Investment Opportunities and Potential
The consistent upward trajectory in property values presents attractive investment opportunities in Deseronto’s real estate market. The incremental growth indicates stable appreciation potential for both residential houses and apartments. Investors can capitalize on the town’s rising population and corresponding housing demand. Additionally, the more modest median apartment price of $300,000 suggests an accessible entry point for smaller investors or those looking to diversify their portfolio with rental properties that cater to individuals or small families.
Future Market Outlook
The future market outlook for Deseronto remains optimistic given the ongoing population growth and steady price increases. As long as the area continues to attract new residents due to its appeal or economic opportunities, demand for housing is likely to sustain. This trend could lead to continued appreciation in property values over the medium to long term. However, potential investors should monitor external economic factors such as interest rates and employment levels which could impact affordability and thus influence the real estate market dynamics in Deseronto.
