Doon, 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 (2025) | 15,000 |
Previous Population (2020) | 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 Doon, Ontario has been experiencing a steady growth with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. Similarly, the apartment sector has shown resilience with the median price at $300,000 and a year-over-year growth of 2.1%. This consistent upward trend in property values is indicative of a healthy market that continues to attract buyers and investors alike.
The population of Doon has grown to 15,000, with an impressive growth rate of 7.1%. This significant demographic expansion could be largely attributed to the area’s attractiveness to new residents seeking affordable housing options combined with quality living conditions. The sustained population increase is likely to continue bolstering demand for housing in both purchase and rental markets.
Investment Opportunities and Potential
With an ongoing positive trajectory in property values, Doon presents numerous investment opportunities. The stable growth in house prices suggests that investments in residential properties are likely to yield solid returns over time. Additionally, the apartment sector’s growth rate, albeit slightly slower than that of houses, still points towards a potential for steady rental income and property appreciation.
The demographic trends further reinforce the potential for real estate investments in Doon. A growing population not only increases demand for housing but also enhances the local economy through consumer spending across various sectors. This economic vibrancy can have a multiplier effect on property values as more businesses and amenities are established to serve the expanding community.
Future Market Outlook
The future outlook for Doon’s real estate market remains optimistic. Given the current trends and statistics, one can reasonably expect continued growth in property values as well as sustained demand for housing driven by population gains. The year-over-year increase in house and apartment prices signals a robust market that is poised for further expansion.
As the local economy adapts to accommodate its growing populace, we anticipate seeing more developments emerge – particularly in the residential segment – which will likely contribute to diversifying the housing stock and meeting different buyer preferences. Investors looking for long-term capital appreciation or stable rental yields should consider Doon’s promising dynamics when making their investment decisions.
In conclusion, backed by solid statistical data and favorable demographic trends, Doon’s real estate market is set on a path of continued growth and offers attractive opportunities for both homebuyers and investors.