Goodwood, 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
In Goodwood, Ontario, the real estate market is experiencing stable growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This consistent uptick indicates a healthy demand for housing in the area. Similarly, apartments are following an upward trajectory with a median price set at $300,000 and a growth trend of 2.1% over the same period.
The population in Goodwood is expanding at a rate of 7.1%, which is significantly higher than the national average. This growth is contributing to increased demand for housing in both the private sale and rental markets, as new residents seek accommodation within the region.
Investment Opportunities and Potential
The robust population growth coupled with sustained increases in property values suggests that Goodwood presents appealing investment opportunities for both residential real estate investors and developers. The positive trends in house and apartment prices reflect a market that has not yet reached saturation and may offer sustained returns on investments.
Investors considering rental properties would be encouraged by the rising demand due to population growth. Furthermore, given the current trends, there is potential for capital gains over the mid to long term for those looking to invest in properties for resale.
Future Market Outlook
The future outlook for Goodwood’s real estate market appears optimistic. Given the solid population growth rate and consistent appreciation in property values, it is expected that both buyer demand and property prices will continue to ascend in the foreseeable future. This ongoing development may also lead to further infrastructure improvements and community investments which could, in turn, attract more residents and bolster property values further.
However, potential investors should also consider economic factors such as employment rates, interest rates, and regional economic policies that could impact overall market conditions moving forward.
