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 | $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 Dunvegan, Ontario, is experiencing steady growth, with the median house price currently at $500,000, reflecting a year-over-year increase of 3.5%. This increment indicates a healthy demand for single-family homes within the region. Similarly, the apartment market is showing positive momentum with the median apartment price standing at $300,000 and a year-over-year appreciation of 2.1%. The population in Dunvegan has reached approximately 15,000 residents, with a robust growth rate of 7.1%, suggesting an expanding community that could further drive demand in the housing sector.
Investment Opportunities and Potential
The investment potential in Dunvegan’s real estate market is promising given the consistent growth trends observed in both the housing and apartment sectors. For investors looking to enter the residential market, single-family homes present a more dynamic opportunity with higher appreciation rates. Apartments are also an attractive option for those seeking a lower entry point and potentially high rental yields due to increased demand from the growing population. Additionally, as the community expands, there may be opportunities for development projects aimed at meeting the housing needs of the increasing number of residents.
Future Market Outlook
Looking ahead, Dunvegan’s real estate market appears poised for continued growth. The steady population increase is likely to sustain demand for housing, which could lead to further price appreciations over time. Given the current trends and assuming no major economic disruptions, both sectors—houses and apartments—are expected to maintain their upward trajectory. Investors should monitor infrastructure developments and employment trends in the area, as these factors will play crucial roles in shaping the future landscape of Dunvegan’s real estate market.
