Innisville, 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
Current Market Conditions and Trends
The real estate market in Innisville, Ontario is currently characterized by steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. Similarly, apartments are following an upward trajectory with a median price of $300,000 and a growth rate of 2.1% over the past year. This suggests a balanced market that is growing at a sustainable pace.
The population of Innisville stands at 15,000 and has experienced significant growth at 7.1%. This increase in residents is likely contributing to the demand for housing in the area and supporting the positive trends observed in property prices.
Investment Opportunities and Potential
For investors looking into the Innisville real estate market, both houses and apartments present promising opportunities. The continuous appreciation of property values indicates that purchasing real estate in this region could yield solid returns over time. Investors should consider the sustained population growth when evaluating potential rental income or resale value.
Given that both sectors of the housing market are experiencing growth, albeit at slightly different rates, investors may want to weigh their options between investing in standalone properties versus apartments based on their investment goals and risk appetite.
Future Market Outlook
The future outlook for Innisville’s real estate market remains optimistic. The consistent increase in property values points towards ongoing demand and a robust local economy capable of supporting real estate investments. Assuming the population continues to grow at its current rate or higher, demand for housing should persist, which bodes well for future property valuations.
As more individuals and families are attracted to the area due to employment opportunities or lifestyle choices, it can be expected that the housing market will continue to thrive. Investors and prospective homebuyers should monitor local economic developments and infrastructure projects that could further influence the desirability of Innisville as a place to live and invest.
