Huttonville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $900,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $900,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
Demographics
| Current Population (2024) | 18,000 |
| Previous Population (2019) | 17,000 |
| Population Change | 5.9% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,700 |
| Population Density (per km²) | 1.8 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Huttonville, Ontario currently presents a stable growth environment for both house and apartment prices. The median house price in the area stands at $900,000, with a year-over-year increase of 4.2%. This indicates a healthy demand for residential property and a consistent appreciation of home values over time.
Similarly, the median apartment price is now at $450,000, experiencing a slightly lower growth rate of 2.9% year-over-year. This suggests that while apartments are also appreciating in value, the market for houses is slightly more dynamic. The current trends reflect a balanced market where both buyers and sellers can find opportunities to engage in transactions without facing extreme conditions such as bidding wars or prolonged listing periods.
Investment Opportunities and Potential
For investors looking into the Huttonville real estate market, there are promising opportunities particularly due to the steady population growth of 5.9%. A growing population often leads to increased housing demand, which can drive property values higher over time. Additionally, with house prices growing at a faster rate than those of apartments, investing in detached or semi-detached homes could yield higher returns in the medium to long term.
However, the strong performance of apartment price trends also suggests that there is potential in the condominium market, particularly for those looking to invest in rental properties or smaller-scale purchases. With careful market analysis and strategic investment choices, investors can capitalize on both current trends and longer-term growth patterns.
Future Market Outlook
The future outlook of Huttonville’s real estate market appears optimistic given the solid growth rates observed for both houses and apartments. The sustained population increase serves as an underpinning factor that may continue to fuel demand for housing across all segments.
Assuming no major economic disruptions occur locally or nationally, it is reasonable to forecast that the real estate market in Huttonville will continue on its path of steady growth. Investors and homeowners alike should monitor regional development plans, interest rate changes, and broader economic indicators to stay informed about potential shifts that could affect future market conditions.
In conclusion, Huttonville provides an attractive setting for real estate investment and homebuyers seeking stability and potential appreciation in property values. As always with real estate investments, due diligence is critical when evaluating specific opportunities within the local market context.
