Duntroon, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
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 | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 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 | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Duntroon, Ontario is currently experiencing a steady growth in property values. The median house price stands at $550,000 with a year-over-year increase of 4%. This indicates a healthy demand for housing in the area, likely driven by both local factors and broader provincial economic trends. Similarly, the median apartment price has risen to $320,000, marking a 2.5% increase from the previous year. These trends suggest that the market is growing at a sustainable rate, avoiding the extreme volatility seen in some other markets.
Investment Opportunities and Potential
The consistent growth in property values presents promising investment opportunities in Duntroon’s real estate market. For investors looking at long-term capital gains, purchasing residential properties could be advantageous given the current upward trend in prices. Rental properties also offer potential due to the increasing population, which has grown by 3.3%, signaling a rising demand for housing. This demographic expansion can lead to greater rental occupancy rates and potentially higher rental yields for investors.
Future Market Outlook
Looking forward, Duntroon’s real estate market appears poised for continued growth. The combination of a rising population and increasing property values suggests that demand for housing will remain robust. If these trends persist alongside economic stability within the province and supportive local policies, it is reasonable to expect further appreciation in property values. Investors and potential homeowners should remain attentive to any changes in economic conditions or local developments that might influence the market dynamics.
