Kasabonika, 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 (2025) | 15,000 |
Previous Population (2020) | 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 in Kasabonika, Ontario
In Kasabonika, Ontario, the real estate market is displaying a steady growth pattern. With a median house price at $500,000 and an annual appreciation trend of 3.5%, the housing sector shows consistent value gain. This is indicative of a healthy demand for single-family homes in the area. Similarly, the apartment market is also on the rise with a median price set at $300,000 and exhibiting a slightly slower year-over-year increase of 2.1%. The robust population growth of 7.1%, which is significantly higher than national averages, suggests that these trends are likely to continue as more people move into the area, thereby increasing demand for housing.
Investment Opportunities and Potential in Kasabonika
Given the progressive increase in property values and substantial population growth, Kasabonika offers promising investment opportunities. Investors could expect capital gains from both housing and apartment markets due to their positive price trends. The higher growth rate in single-family homes suggests that these may offer greater potential for appreciation in the short to medium term. However, apartments should not be overlooked as they represent an affordable entry point into the real estate market for both investors and first-time homebuyers alike. The influx of new residents coupled with a strong housing demand provides a conducive environment for rental properties to thrive.
Future Market Outlook for Kasabonika’s Real Estate
The future market outlook for Kasabonika’s real estate appears optimistic. Current trends and population dynamics hint at sustained growth in both property value and demand. Should the population continue to expand at the current rate or higher, it will likely result in further tightening of the market, thereby potentially pushing prices upward at an accelerated pace. Investors considering entry into this market would do well to monitor local economic developments closely, as further infrastructure improvements or job creation could bolster market conditions significantly. Caution should be exercised however as external economic factors can impact local markets unpredictably.
Overall, while Kasabonika shows positive indicators for growth and investment potential in its real estate sector, stakeholders should maintain awareness of regional and national economic shifts that could influence future market conditions.