Englehart, 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 Englehart, Ontario, is currently experiencing stable growth, with the median house price sitting at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the region. Similarly, the apartment sector is also seeing growth, albeit at a slower pace, with median prices around $300,000 and a trend of 2.1% year-over-year increase. The population of Englehart has reached approximately 15,000 residents, which has grown by 7.1%, suggesting an expanding local economy that may be supporting the real estate market’s positive trajectory.
Investment Opportunities and Potential
The ongoing population growth combined with the steady increase in property values suggests that Englehart presents a promising environment for real estate investment. The current trends indicate that investing in both residential houses and apartments could yield favorable returns as demand continues to rise alongside the growing population. The higher percentage increase in house prices could point towards a potentially higher return on investment in the single-family home market; however, apartments offer a lower entry point for investors and may appeal to those looking for more affordable investment opportunities.
Future Market Outlook
The future of Englehart’s real estate market looks optimistic based on the data-driven trends observed. Given the healthy population growth rate and consistent increases in property values, it is projected that the market will continue to grow at a sustainable rate. The local economic conditions appear to be supportive of this expansion, indicating that Englehart might continue to attract new residents seeking housing options. Investors should monitor key economic indicators such as employment rates and infrastructure developments in the area, as these will play crucial roles in shaping the long-term outlook of the real estate market.