Holtyre, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Holtyre, Ontario, is currently experiencing stable growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market demonstrates healthy appreciation rates that outpace inflation. Apartments are also seeing a rise in value, with a median price point of $300,000 and a 2.1% year-over-year increase.
These figures suggest a balanced market where both buyers and sellers can find opportunities. The population growth of 7.1% indicates that Holtyre is on an upward trajectory, potentially leading to increased demand for housing in the near future.
2. Investment Opportunities and Potential
Investors looking at Holtyre will find potential in the relatively low but steadily increasing property prices. For residential investors, the growth in median house and apartment prices suggests that purchasing property now could yield positive returns as the market continues to grow. Rental properties may also be attractive due to the increasing population, which could drive up rental demand.
Developers might find opportunities in creating new housing units to accommodate the growing population. Additionally, commercial real estate investors should pay attention to this area as an influx of residents often correlates with a need for more services and retail spaces.
3. Future Market Outlook
The outlook for Holtyre’s real estate market appears optimistic. The continued population growth paired with steady price increases indicates a strong future for property values in this region. Assuming that economic conditions remain favorable and no unforeseen events disrupt market dynamics, investors and homeowners alike can expect to see ongoing appreciation in their property investments.
As with any real estate investment, it’s crucial to conduct thorough due diligence and stay informed about local economic developments that could impact the market. Considering current trends, Holtyre represents an attractive option for those looking to invest in a growing Ontario community.
