Kerwood, 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
In Kerwood, Ontario, the real estate market is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing healthy and sustainable growth. Similarly, the median apartment price stands at $300,000, with a slower yet positive year-over-year trend of 2.1%. This indicates a balanced market that caters to both single-family homes and multifamily units.
The population in Kerwood has recently reached 15,000 residents and has been growing at a robust rate of 7.1%. This influx of new residents is likely contributing to the demand for housing in the area, which in turn supports the continued appreciation of property values.
Investment Opportunities and Potential
Kerwood’s real estate market presents numerous investment opportunities. The consistent rise in property values suggests that investing in residential properties could yield substantial returns over time. Given the current trends, investors might find single-family homes particularly attractive due to their higher appreciation rate compared to apartments.
Additionally, the strong population growth signifies potential for rental investments as more people may be seeking housing before deciding to purchase. With both property types appreciating in value, investors could benefit from capital gains in the long-term as well as rental income in the short-term.
Future Market Outlook
Looking ahead, Kerwood’s real estate market appears poised for continued growth. The sustained increase in median property prices reflects a market that is managing to thrive even amidst broader economic uncertainties. If the population continues to grow at its current pace or faster, it may further fuel demand for housing and potentially lead to even greater increases in property values.
Investors and homebuyers can be cautiously optimistic about Kerwood’s future market outlook given these positive indicators. However, it remains important for stakeholders to monitor local and national economic factors that could affect real estate markets to ensure informed decision-making.
