Duntroon, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| 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 | $450,000 |
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
Current Market Conditions and Trends in Duntroon, Ontario
In Duntroon, Ontario, the real estate market is currently experiencing stable growth, with the median house price standing at $525,000, which indicates a 4% increase year-over-year. This consistent upswing in house prices reflects a healthy demand for residential properties in the region. The median apartment price is also on the rise but at a slightly more modest pace of 2.5% year-over-year, now reaching $315,000. This differential growth rate suggests that houses are in higher demand than apartments, potentially due to buyer preferences or demographic trends.
The population of Duntroon has grown by 3.3% to reach 15,500 residents. This growth contributes to the increased demand for housing and supports the upward trends observed in property values. The combination of population increase and positive property value trends signals a strong and expanding market.
Investment Opportunities and Potential in Duntroon
Given the steady growth in property values and the increasing population, Duntroon presents attractive investment opportunities for both residential and rental markets. The higher growth rate in house prices compared to apartments suggests that single-family homes may be particularly promising for investors looking for capital gains.
The rental market also holds potential due to the influx of new residents who may seek temporary housing solutions before purchasing properties. Investors interested in long-term revenue streams might consider acquiring apartments or developing multi-family units to cater to this segment.
Future Market Outlook for Duntroon Real Estate
The future outlook for Duntroon’s real estate market remains positive. The sustained population growth coupled with rising property values points towards a robust market with continuing opportunities for appreciation in property investments. Assuming no significant economic disruptions occur, the upward trend in house and apartment prices is likely to persist.
However, prospective investors should monitor interest rates, employment rates, and regional economic developments as these factors can influence buyer affordability and overall market health. Additionally, staying informed about any changes in local zoning laws or development plans will be crucial for making strategic investment decisions aligned with future urban growth patterns within Duntroon.
Overall, Duntroon’s real estate market shows promising signs for both current stability and future potential, making it an attractive location for investors seeking growth opportunities within Ontario’s diverse property landscape.
