Georgetown, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $830,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.5% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $650,000 |
| 3 bedrooms | $830,000 |
| 4 bedrooms | $950,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 2.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Georgetown, Ontario is currently experiencing a steady increase in property values. The median house price stands at $830,000, with a year-over-year growth of 2.5%. As for apartments, the median price is $450,000, which has seen a slightly lower growth rate of 1.8% over the same period. This indicates a robust market that is consistently appreciating, albeit at a moderate pace.
With a population of approximately 16,000 residents and an annual growth of 3.2%, Georgetown is witnessing a trend towards increasing demand for housing. This demand is likely fueled by its desirable location and community features, appealing to both families and professionals.
2. Investment Opportunities and Potential
Investment opportunities in Georgetown are promising due to the town’s positive market trends and demographic growth. The steady appreciation of home values suggests that investments in residential properties could lead to reliable capital gains over time. Investors might be particularly interested in single-family homes due to their higher appreciation rate compared to apartments.
Additionally, the ongoing population growth enhances the potential for rental investments as more people seek housing in this expanding community. With the current trajectory, investors could anticipate a stable yield from rental incomes while also benefitting from long-term property value appreciation.
3. Future Market Outlook
The future market outlook for Georgetown’s real estate appears optimistic given the sustained population increase and steady price appreciation trends. If these factors remain constant or improve, the market can expect continued incremental growth in property values.
However, it is crucial to monitor external economic factors such as interest rates changes, employment rates, and broader regional development plans that could impact local real estate dynamics. Assuming stable economic conditions, Georgetown’s real estate market should remain appealing to both homeowners looking for long-term residency and investors seeking growth opportunities.
