Fauquierstrickland, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| 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 | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 14,500 |
| Population Change | 6.9% |
| 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 Fauquier-Strickland, Ontario, is currently experiencing steady growth. With a median house price of $520,000, the year-over-year price trend shows a healthy increase of 4.2%. This is indicative of a robust market with enduring demand for residential properties. Similarly, the market for apartments is also on an upward trajectory, with a median apartment price of $320,000 and an annual appreciation rate of 2.5%. Factors such as location, community development, and overall economic health are likely contributing to these positive trends.
Investment Opportunities and Potential
Fauquier-Strickland presents attractive investment opportunities for both residential and commercial real estate investors. The consistent growth in property values suggests a stable investment with potential for capital gains. The population growth rate of 6.9% further bolsters the case for investing in this market as it may lead to increased demand for housing and rental properties. Investors might also consider exploring developments in emerging neighborhoods or refurbishing older properties to cater to the growing population’s housing needs.
Future Market Outlook
The future market outlook for Fauquier-Strickland remains optimistic. Given the current trends and population growth rates, it is reasonable to forecast that both the residential and apartment markets will continue to expand. The steady increase in property values indicates that the local real estate market has not yet reached its peak and that there could be room for further growth. Investors and homebuyers can likely expect continued appreciation in property values over the coming years, making Fauquier-Strickland a promising area for real estate investment and development.
