Havelock, 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 Havelock, Ontario is currently experiencing a steady growth in property values. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing consistent upward movement. Similarly, the median apartment price has settled at $300,000, with a slightly lower growth trend of 2.1% year-over-year.
This growth can be attributed to Havelock’s increasing population, which has surged by 7.1% recently. The influx of residents suggests a growing demand for housing in the area. Moreover, lower apartment price increases compared to houses indicate a more competitive market for single-family homes.
Investment Opportunities and Potential
Given the current trends, Havelock presents several promising investment opportunities, especially in residential properties. The moderate yet steady appreciation of house prices could appeal to long-term investors seeking capital gains. At the same time, the rising population suggests that rental properties could provide stable occupancy rates and rental income streams.
Investors might also consider exploring developments targeted towards new residents such as young families or professionals moving to Havelock for its small-town charm combined with proximity to larger economic centers. Furthermore, the lower rate of increase in apartment prices may offer an attractive entry point for investors looking to purchase units in multi-family dwellings or condominiums.
Future Market Outlook
The future outlook for Havelock’s real estate market appears positive. Population growth is likely to continue driving demand for housing, potentially leading to tighter inventory and further price increases if new construction does not keep pace with demand. The sustained house price trend points toward ongoing stability and gradual appreciation, making it an attractive market for both homeowners and investors alike.
However, it is essential for stakeholders to monitor economic drivers such as employment rates, infrastructure development, and interest rates that could impact the real estate landscape. As with any investment, due diligence and an understanding of local market dynamics are crucial for success.
