Eldorado, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 Eldorado, Ontario, has been demonstrating steady growth, reflecting resilience and a positive trajectory. The median house price currently stands at $520,000, which marks a 3.2% increase year-over-year. This consistent growth indicates a healthy demand for single-family homes in the region. Similarly, the apartment sector is experiencing a 2.5% year-over-year price increase with a median value of $310,000. These statistics point to a balanced market that is accommodating both homeowners and investors alike.
The population of Eldorado is on an upward curve, showing a 3.3% growth rate. This demographic trend supports the ongoing demand for housing and suggests that the market could maintain its buoyancy due to increasing local housing needs.
Investment Opportunities and Potential
Eldorado’s real estate market presents several promising investment opportunities. The steady appreciation in property values for both houses and apartments indicates a reliable potential for capital gains over time. Investors considering Eldorado can look towards purchasing rental properties as the population growth suggests a rising demand for rental units. Furthermore, the consistent increase in property values offers the potential for long-term asset appreciation.
Given the current trends, strategic investments in areas slated for infrastructure development or neighborhood revitalization could yield significant returns. Moreover, as more people are attracted to Eldorado’s growing community, there may be opportunities in developing properties that cater to specific demographics such as retirees or young professionals.
Future Market Outlook
Looking ahead, Eldorado’s real estate market appears set for continued growth. The combined factors of gradual price increases and steady population expansion create an optimistic outlook for both residential and investment real estate sectors. However, potential investors and homebuyers should monitor local economic indicators as they can influence market dynamics.
Should the population continue to rise at the current or an increased rate, it is likely that demand will sustain or even pressure housing prices upward further. On the flip side, any significant changes in economic conditions could temper these projections. Nonetheless, based on current data and trends, Eldorado’s real estate market holds promise for sustained health and investment appeal in the foreseeable future.
