Huttonville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 1.0% |
Apartment
| Median price | $550,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $850,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $500,000 |
| 2 bedrooms | $600,000 |
| 3 bedrooms | $700,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest available data, Huttonville, Ontario’s real estate market is witnessing a steady growth pattern. The median house price in this community stands at $950,000, marking a 4% increase year-over-year. This suggests a healthy demand for single-family homes and an upward trend in property values. Similarly, the median apartment price is currently $550,000, which has seen a more moderate growth rate of 2.5% year-over-year.
The population of Huttonville has been growing at a robust rate of 3.2%, indicating an influx of new residents and potential homebuyers into the area. This population growth can be attributed to various factors including the locality’s attractiveness for its residential character, amenities, and proximity to employment hubs.
Investment Opportunities and Potential
Given the current market dynamics, investment opportunities in Huttonville are promising. The consistent rise in house prices reflects strong market fundamentals and points towards an ongoing demand for housing. Investors may find single-family homes particularly attractive due to their higher appreciation rate of 4%. Apartments also offer appealing investment potential with a steady appreciation rate of 2.5%, catering to a segment looking for lower entry price points or downsizing options.
The demographic trends suggest that there will be continued need for housing as the population grows, supporting both rental and sales markets. For investors looking at rental properties, the influx of residents could indicate a stable rental income stream and low vacancy rates.
Future Market Outlook
The future market outlook for Huttonville real estate appears optimistic. Population growth is expected to remain strong due to the area’s appeal and economic opportunities. If these trends continue, we can anticipate further increases in property values over the medium to long term.
However, investors should be aware of broader economic conditions which might affect interest rates and borrowing costs. While current trends show healthy growth rates for both houses and apartments, any shifts in economic policy or unforeseen global events could impact future market conditions.
In conclusion, Huttonville offers solid real estate investment opportunities with both houses and apartments showing upward trends in value. With careful consideration of broader economic indicators and maintaining focus on local market data, investors can make informed decisions in this active Ontario real estate market.
