Dunvegan, 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 | $450,000 |
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 Dunvegan, Ontario is currently experiencing a period of steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market demonstrates moderate but consistent growth in property values. Similarly, the apartment sector, with a median price point of $300,000 and a trend of increasing value at 2.1% year-over-year, also indicates a stable investment environment. This growth trajectory is supported by a robust population increase of 7.1%, suggesting that demand for housing will continue to rise as more residents settle in the area.
Investment Opportunities and Potential
The current trends point towards promising investment opportunities in Dunvegan’s real estate market. The gradual increase in property prices suggests that purchasing residential properties now could lead to capital gains over time. Given the significant population growth, rental properties are likely to be in high demand, providing investors with the potential for steady rental income streams. Moreover, the higher percentage increase in house prices compared to apartments may indicate a particular interest in detached and semi-detached homes among buyers and renters alike.
Future Market Outlook
Looking ahead, Dunvegan’s real estate market appears poised for continued growth. The strong population increase hints at sustained demand for housing, which is likely to keep pushing property values upward. Assuming that economic conditions remain favourable and the local job market stays robust, we can anticipate both house and apartment prices to maintain their upward trajectory. Investors may find that this period presents an opportune time to enter or expand within the market before prices escalate further.