Enniskillen, 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 Enniskillen, Ontario is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%, indicating a healthy upward trend in property values. The market for apartments is also on the rise, with a median price of $300,000 and an annual appreciation of 2.1%. This growth can be partially attributed to Enniskillen’s population growth of 7.1%, which suggests an increasing demand for housing in the region.
Investment Opportunities and Potential
The current trends suggest that Enniskillen offers promising investment opportunities for both residential properties and rental units. The consistent appreciation in house and apartment prices indicates a strong potential for capital gains over time. Moreover, with a growing population, there is likely to be sustained demand for rental accommodations, potentially leading to stable rental income streams for investors. Given the smaller size of the community with a population of 15,000, investors may find less competition and more attractive pricing compared to larger urban markets.
Future Market Outlook
Moving forward, the outlook for Enniskillen’s real estate market appears optimistic. Assuming the continuation of current economic conditions and population growth trends, it is reasonable to expect ongoing increases in property values. Additionally, infrastructure developments and community investments could further enhance the appeal of Enniskillen as a place to live and invest in. However, potential investors should remain cognizant of macroeconomic factors such as interest rates and employment levels that could impact market dynamics.