Glenburnie, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Glenburnie real estate market is currently experiencing a steady growth as indicated by the latest statistics. With the median house price sitting at $525,000, there has been an upward trend of 4% year-over-year. This suggests that single-family homes are steadily appreciating in value, reflecting a stable demand in this region. The median apartment price is slightly more modest at $315,000, showing a smaller yet positive year-over-year increase of 2.5%.
The local population has also seen a healthy increase of 2.7%, which now stands at 15,200 residents. This demographic shift can contribute to the demand for housing and may be an indicative factor in the continued growth of property values.
Investment Opportunities and Potential
The consistent appreciation of house prices suggests that Glenburnie is a promising location for real estate investment. The current trends point towards continued demand for both houses and apartments, with houses offering a slightly higher appreciation potential based on recent data.
The growing population further supports the potential for rental investments as more people may be looking for housing options within the region. Investors could expect a favorable rental yield given the market conditions. Moreover, the stable increase in property values could offer long-term capital gains for those investing in residential properties.
Future Market Outlook
Moving forward, the real estate market in Glenburnie appears poised for ongoing growth. Factors such as the steady population increase and sustained property value appreciation suggest that the market will remain robust. Assuming that these trends continue along with economic stability, investors and homeowners can expect positive momentum in both property valuation and demand.
However, it is important to note that external economic factors and changes in national housing policies could impact these projections. As with any investment, potential investors should conduct thorough research and consider local market dynamics before committing to any real estate transactions.
