Johnstown, 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 Johnstown, Ontario, is currently experiencing a period of steady growth. With a median house price of $500,000 and an annual increase of 3.5%, the market is showing signs of resilience in the face of economic fluctuations. Similarly, the apartment sector has seen a price increase of 2.1% year-over-year with a median price point at $300,000. These trends indicate a healthy demand for housing in the area.
The demographic dynamic of Johnstown is also changing, with its population having grown by 7.1%. This influx of new residents is likely contributing to the sustained demand for housing and can be seen as a positive indicator for the stability and attractiveness of the local real estate market.
Investment Opportunities and Potential
For investors considering Johnstown’s real estate market, there are several promising opportunities. The consistent growth in property values suggests that purchasing residential properties could yield profitable returns over time. The increase in population points to a growing rental market, which could benefit investors focused on income-generating assets like apartments or multi-family dwellings.
Given the current median prices for houses and apartments, there is room for entry at various investment levels, from individual rental units to larger-scale residential projects. Investors should also consider the potential for new development projects inspired by population growth and increasing demand for modern living spaces.
Future Market Outlook
The future outlook for Johnstown’s real estate market appears optimistic. Assuming that current trends continue, one can expect gradual but consistent appreciation in property values. The solid year-over-year growth rates for both houses and apartments provide confidence for long-term investment strategies.
With population growth outpacing many other regions, Johnstown may experience an increased need for new housing developments and infrastructure improvements. This demographic trend could spur economic activity within the construction industry and related services, further bolstering the local real estate market.
As with any investment, potential changes in economic conditions, interest rates, and government policies should be monitored as they can impact market dynamics. However, based on the data available, Johnstown’s market possesses strong fundamentals that suggest continued prosperity in its real estate sector.
