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
1. Current Market Conditions and Trends
The real estate market in Havelock, Ontario, exhibits stable growth with a median house price currently standing at $500,000. This reflects a year-over-year increase of 3.5%, indicating a consistently appreciating housing market. Similarly, the median apartment price has been marked at $300,000, with a slower growth rate of 2.1% year-over-year.
Havelock’s demographic trends support this growth, as its population has risen by a robust 7.1%, signaling an influx of residents that could be contributing to the demand for housing. The existing upward trend in property values suggests that the market is responding positively to this increased demand.
With respect to sales velocity and inventory levels, it is important for potential investors and homebuyers to consider these factors as they may affect pricing and competition within the market.
2. Investment Opportunities and Potential
Given the solid growth in property values and notable population increase, Havelock offers promising investment opportunities for both residential and rental markets. The steady rise in house prices may be particularly attractive to long-term investors looking for capital appreciation.
The rental market also shows potential due to the population growth, which could drive demand for apartment rentals. Investors focusing on income-generating properties may find apartments appealing given their lower entry price at $300,000 compared to houses, coupled with a growing need for rental accommodations.
New developments and infrastructure projects could further influence investment decisions. Monitoring zoning changes and upcoming public investments can provide insights into areas poised for heightened real estate activity or value increases.
3. Future Market Outlook
The market outlook for Havelock’s real estate remains optimistic given current trends and demographics. Assuming consistent economic conditions and continued population growth, it is reasonable to project ongoing moderate property value appreciation.
The incorporation of modern housing amenities, community development projects, and enhancements in local services could further bolster Havelock’s appeal to prospective residents and investors alike, potentially leading to sustained or increased rates of property value growth over time.
However, investors should remain mindful of broader economic factors such as interest rates and employment levels which can impact buyer affordability and influence market dynamics both locally and nationally.
In conclusion, Havelock presents itself as an attractive location for real estate investment with a healthy balance of current stability and future growth potential. Stakeholders are encouraged to stay informed on regional developments that may affect the trajectory of the local real estate market.
