Kettleby, 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 Kettleby, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy upward trend in property values for single-family homes. Additionally, the median apartment price is currently $300,000, which has seen a slightly lower year-over-year growth rate of 2.1%. These trends suggest that the market is stable and growing moderately, making it an attractive environment for homeowners and investors alike.
Investment Opportunities and Potential
The investment potential in Kettleby’s real estate market is promising. With the population expanding at a significant rate of 7.1%, demand for housing is expected to rise. This increase in demand will likely drive property values and rental rates upward over time. Given the current growth rates in both house and apartment prices, investors could expect continued appreciation in asset values. Moreover, the difference in growth rates between houses and apartments might indicate a greater potential for return on investment in single-family homes.
Future Market Outlook
Looking ahead, Kettleby’s market outlook appears optimistic. With a strong population growth of 15,000 residents and counting, the community’s expansion is set to fuel the real estate market further. If current trends continue, we can anticipate ongoing increases in property values and investment returns. However, investors should remain vigilant about broader economic conditions that could impact interest rates and affordability, potentially affecting market dynamics. Nonetheless, Kettleby presents as a compelling case for real estate investment based on existing data points.
