Killaloe, 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
The real estate market in Killaloe, Ontario, currently showcases a stable growth pattern. With the median house price set at $500,000, the market has observed a solid year-over-year increase of 3.5%. This consistent upward trend indicates a healthy demand for housing in the area. The apartment sector is also experiencing growth, albeit at a slightly slower pace, with the median apartment price at $300,000 and an annual appreciation rate of 2.1%.
Given Killaloe’s population of 15,000 and a robust population growth rate of 7.1%, there is potential for continued demand for housing. This demographic expansion is a key driver of the real estate market’s vitality as it may lead to increased demand for both ownership and rental properties.
Investment Opportunities and Potential
The current trends in Killaloe’s real estate market spell potential opportunities for investors. The steady appreciation in property values suggests that investments in residential properties could yield positive returns over time. Moreover, with the population growing rapidly, there is likely to be an ongoing need for new housing developments, renovations of existing properties, and investments in rental accommodations.
In light of these factors, investors might consider diversifying their portfolios across different types of properties in Killaloe. Long-term investment strategies could involve purchasing detached homes or developing multi-unit dwellings that cater to various segments of the market, including families and professionals drawn to the area by its economic prospects.
Future Market Outlook
The future outlook for Killaloe’s real estate market remains optimistic. If current trends persist, property values are likely to continue their gradual ascent. The substantial population growth serves as an indicator of sustained demand which supports both resale values and rental rates.
An important consideration for future investments will be monitoring economic indicators that influence real estate markets such as employment rates, income levels, and interest rates. As long as these economic fundamentals remain strong in Killaloe, the real estate market should maintain its upward trajectory.
In conclusion, Killaloe presents itself as a promising locale for real estate investment with favorable market conditions that are supported by demographic growth and consistent property value appreciation. Stakeholders should remain vigilant and responsive to any shifts in economic patterns that may impact future market performance.
