Deuxrivieres, 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 | $315,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,500 |
| Population Change | 4.8% |
| 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
The real estate market in Deuxrivieres, Ontario is currently experiencing a steady increase in property values. With the median house price sitting at $525,000 and showing a year-over-year growth of 4%, the market is demonstrating resilience and moderate growth. The median apartment price has reached $315,000, with a slightly lower growth rate of 2.8% year-over-year. This suggests that houses are in higher demand compared to apartments, possibly due to family-oriented buyers seeking more space.
The population of Deuxrivieres has grown by 4.8% which indicates an increasing demand for housing as more people choose to reside in this area. This growth may be attributed to several factors such as employment opportunities, quality of life, and affordability when compared to larger urban centers. As the population continues to rise, we can expect sustained demand for housing which will likely continue to push prices upward at a measured pace.
Investment Opportunities and Potential
Given the current trends and stable price appreciation in Deuxrivieres, investment opportunities look promising especially for long-term investors. The consistent population growth coupled with moderate property value increases suggests that there could be a steady rental market for both houses and apartments. Investors looking to diversify their portfolio may find Deuxrivieres an attractive option due to its lower entry price points when compared to larger metropolitan areas.
Furthermore, the sustained increase in property values may offer capital gains over the long term. For those considering redevelopment or flipping properties, the current market conditions provide a relatively safe environment for such ventures as the community continues to grow and attract new residents.
Future Market Outlook
The future market outlook for Deuxrivieres is cautiously optimistic. The ongoing population growth at 4.8% is likely to remain a fundamental driver of housing demand. Assuming no major economic disruptions occur, we can anticipate continued but moderate property value increases in both the housing and apartment sectors.
However, potential investors and homeowners should be aware of external factors that could impact the market such as interest rate changes, economic stability, and regional developments that might affect employment opportunities within Deuxrivieres. Maintaining vigilance on these broader economic indicators will be key in making informed real estate decisions.
In conclusion, while current trends indicate a healthy market with investment potential, it is important for stakeholders to monitor both local and national economic signals moving forward. With careful consideration of these factors, Deuxrivieres presents as an interesting prospect for real estate investment and ownership over the coming years.
