Dourodummer, 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 | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Douro-Dummer, Ontario, currently presents a sustained growth pattern. The median house price stands at $525,000, with a year-over-year increase of 4%. This indicates a stable and steadily appreciating market for single-family homes. Meanwhile, the median apartment price is at $320,000, which has seen a slightly lower yet consistent growth rate of 2.5% year-over-year.
The demographic trend, with a population growth of 3.3%, suggests an increasing demand for housing in the area. The population now stands at approximately 15,500 residents, which may be contributing to the steady increase in property values as more people seek accommodation in Douro-Dummer.
2. Investment Opportunities and Potential
In light of the current market trends, investment opportunities in Douro-Dummer appear promising. The sustained increase in property values provides potential for capital gains over time. Single-family homes, given their higher appreciation rate of 4%, seem to be particularly attractive for long-term investments.
Apartments present a more modest growth rate but are still viable as rental properties due to the growing population and potential demand from those seeking more affordable living options or temporary residency. Investors might also explore new construction opportunities, given the population expansion, to cater to the housing needs of new residents.
3. Future Market Outlook
The future outlook for Douro-Dummer’s real estate market is optimistic based on current data and trends. Assuming similar economic conditions persist, we can anticipate continued growth in property values aligned with recent trends.
The consistent population increase implies that housing demand is likely to remain strong, fueling the real estate market further. However, investors and homebuyers should also consider broader economic factors such as interest rates, employment rates in the region, and provincial housing policies that could influence future market conditions.
Overall, Douro-Dummer’s real estate market appears to be on a positive trajectory with favorable conditions for both residential living and investment opportunities.
