Eldorado, 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 | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
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
Current Market Conditions and Trends
The real estate market in Eldorado, Ontario is experiencing a period of steady growth, with the median house price currently standing at $525,000, which represents a 4% year-over-year increase. This suggests a healthy demand for housing in the area. Meanwhile, the market for apartments is also showing positive movement with the median apartment price at $310,000, and a more modest but consistent trend of 2.5% year-over-year growth. These trends are set against a backdrop of a growing population, now at 15,500 residents, up by 3.3%, which may continue to drive demand for housing in the foreseeable future.
Investment Opportunities and Potential
The current growth rate in both house and apartment prices indicates a stable market with investment opportunities. For investors looking at long-term capital gains, purchasing single-family homes could be particularly attractive due to the higher rate of price appreciation. The apartment sector also presents potential, especially for those interested in rental income, given the steady population increase that could lead to higher demand for rental properties. With Eldorado’s real estate market expansion outpacing many other areas, investments here have the potential to yield fruitful returns over time.
Future Market Outlook
Looking ahead, Eldorado’s real estate market appears poised for continued growth. The persistent population increase suggests an ongoing demand for housing which is likely to support property values. Assuming that current economic conditions remain stable and factors such as employment rates and local economic activity maintain their strength or improve, it can be reasonably expected that both house and apartment markets will keep up their upward trajectory. However, investors should remain aware of broader economic trends and regulatory changes that might affect the real estate market’s performance.
