Gelert, 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 Gelert, Ontario, is currently experiencing steady growth. With the median house price standing at $500,000, there has been a year-over-year increase of 3.5%. This suggests a healthy demand for homes in the area that could be driven by factors such as location desirability, economic stability, or an influx of new residents.
In contrast, the median apartment price is set at $300,000, with a more modest year-over-year growth of 2.1%. This slower rate of increase can indicate a softer market for apartments or possibly greater supply relative to demand compared to houses. Nonetheless, consistent positive growth in both segments underscores overall market strength.
Investment Opportunities and Potential
Gelert’s population has grown by 7.1%, signaling potential for further real estate development and investment opportunities. The robust population increase could lead to heightened demand for housing, potentially resulting in accelerated price appreciation. Investors may find opportunities in purchasing single-family homes, leveraging the higher growth rate of house prices.
Moreover, the apartment sector might also present attractive investment prospects. Although apartments exhibit slower price growth than houses, they are also more affordable. This affordability may appeal to first-time homebuyers or investors looking for rental properties due to potential demographic trends such as younger individuals or smaller households moving into the area.
Future Market Outlook
The future outlook for Gelert’s real estate market appears promising given its current trajectory. Continuous population growth coupled with sustainable price increases can indicate a vibrant local economy and an attractive destination for both homeowners and investors. However, it’s essential to monitor economic indicators and development plans within Gelert to maintain an updated perspective on future trends.
Potential headwinds such as interest rate changes or shifts in regional employment opportunities could impact buyer affordability and influence market dynamics. Nevertheless, if the present trends hold steady, Gelert’s real estate market may continue to offer solid long-term value appreciation and investment potential.
