Harrietsville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $512,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $305,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $512,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $255,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 in Harrietsville, Ontario
The real estate market in Harrietsville, Ontario, currently exhibits a steady growth pattern. The median house price stands at $512,000, reflecting a solid year-over-year increase of 3.8%. This increment indicates healthy demand and suggests that the housing market is resilient despite external economic factors that could influence buyer sentiment.
Similarly, the apartment sector shows positive movement with the median apartment price reaching $305,000, which marks a year-over-year rise of 2.5%. Although this growth is slightly more modest than that of houses, it underscores a consistent upward trend in property values within the region.
The population of Harrietsville has risen to 15,200 inhabitants and continues to grow at a robust rate of 4.8%. This significant population growth is an important contributor to the local real estate demand, ensuring ongoing interest in both residential purchases and rental properties.
Investment Opportunities and Potential in Harrietsville
The robust growth in population coupled with the upward trajectory of property prices suggests that Harrietsville offers promising investment opportunities. Residential properties remain attractive due to the growing demand fueled by population increases. For investors looking at long-term capital appreciation, single-family homes present a viable option given their higher year-over-year price increase.
Apartments represent an appealing entry point for investors seeking lower initial investments while still benefiting from the general appreciation of real estate assets in the region. With an annual appreciation rate of 2.5%, these properties can also serve as profitable rental units catering to individuals or smaller households who are part of the growing populace but may not be ready or able to invest in buying homes.
Furthermore, considering the ongoing demand derived from population growth, new development projects could present additional investment avenues. These could range from residential complexes to mixed-use developments that cater to a broader segment of the market.
Future Market Outlook for Harrietsville
The future market outlook for Harrietsville’s real estate appears promising. Given the steady increase in both property values and population size, it is reasonable to anticipate continued growth within the market. The commitment to sustained economic development and community expansion supports the potential for further appreciation in property prices over time.
However, investors and homebuyers should remain cognizant of broader economic trends and changes in interest rates that might affect affordability and borrowing costs. Additionally, as new housing developments come on stream to meet increasing demand, there could be fluctuations in supply that may temporarily impact price trajectories.
In summary, while current indicators point towards a favorable outlook for Harrietsville’s real estate market with potential for investment returns through both capital gains and rental income streams, stakeholders should maintain a degree of vigilance regarding macroeconomic factors that influence market dynamics.
