Jarvis, 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 Jarvis, Ontario is currently exhibiting steady growth. With a median house price of $500,000, the market has seen a healthy year-over-year increase of 3.5%. This indicates a consistent demand for residential properties and a robust local economy that supports housing market appreciation.
Apartments in the area are also experiencing growth, albeit at a more moderate pace. The median apartment price stands at $300,000, with an annual growth trend of 2.1%. This slower rate may reflect a greater availability or preference for single-family homes but still points to overall market health.
Jarvis’s population has grown by 7.1% to approximately 15,000 residents. This significant population increase is likely contributing to the demand for housing and can be expected to continue driving real estate values upward as the supply may struggle to keep pace with the growing demand.
Investment Opportunities and Potential
The positive trends in Jarvis’s real estate market suggest several promising investment opportunities. The consistent appreciation in house prices presents potential for long-term capital gains for investors targeting single-family homes. Given the population growth rate, new housing developments and subdivision projects could be particularly lucrative as more people seek accommodation in Jarvis.
The apartment sector, while growing more slowly, should not be overlooked. Rental properties could benefit from an influx of residents who are not ready to purchase homes but still require quality living spaces. The steady increase in apartment values indicates a stable rental market that can provide reliable returns on investment through rental income.
Furthermore, with Jarvis being a smaller community, there may be opportunities for investors to engage with local development initiatives that can lead to public-private partnerships, potentially offering additional incentives and support for strategic real estate investments.
Future Market Outlook
The future outlook for Jarvis’s real estate market remains optimistic based on current data trends. Continued population growth will likely sustain the demand for both houses and apartments, which should support further price increases though potentially at different rates between property types.
Investors and homebuyers alike should monitor infrastructure developments and economic factors within Jarvis that could influence property values, such as commercial expansions or job opportunities that would attract even more residents. Additionally, keeping an eye on government policies regarding housing development can provide insights into how supply might adjust to meet demand in the coming years.
In conclusion, current trends point toward ongoing growth in Jarvis’s real estate market. Prospective investors should perform thorough due diligence given the local nuances of this expanding community. With careful consideration of both present conditions and future developments, stakeholders can make informed decisions in this vibrant housing market.
