Keady, 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 Keady, Ontario, is currently experiencing a moderate growth phase. With a median house price of $500,000, the year-over-year increase stands at 3.5%, suggesting that the market is stable with a healthy demand for housing. Similarly, apartments are seeing a slower yet consistent appreciation in value with a median price of $300,000 and a 2.1% year-over-year trend.
This growth is supported by the area’s population expansion, which has seen an impressive 7.1% increase. The rise in population is likely contributing to the demand for housing and could be a result of factors such as economic opportunities in the region, lifestyle changes, or regional developments attracting new residents.
Investment Opportunities and Potential
Given the steady market growth and population influx, Keady offers attractive investment opportunities for both residential and rental properties. The consistent appreciation of property values indicates that purchasing real estate here can be a solid long-term investment. Furthermore, the expanding population suggests there could be ongoing demand for rental accommodations, potentially leading to favorable rental yields for investors.
Investors should consider the growth trend when exploring both residential properties and apartments as potential investments. Given the current trends, investing in multi-unit residential properties could cater to the growing demand from smaller households or professionals moving into the area.
Future Market Outlook
The future real estate market outlook for Keady, Ontario looks promising based on current trends and demographic shifts. Assuming that economic conditions remain favorable and that population growth continues at its current pace or higher, demand for housing is likely to sustain or potentially increase.
However, investors and homebuyers should stay informed about local economic developments, any changes in migration patterns, and national fiscal policies that might impact mortgage rates or lending conditions. Being aware of these factors will help stakeholders make more informed decisions about entering or exiting the Keady real estate market.
In conclusion, while no market prediction can be guaranteed, current indicators suggest that Keady’s real estate market possesses resilient investment potential with an optimistic outlook for continued growth.
