Kilworthy, 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
As of the latest data collection, Kilworthy, Ontario exhibits a stable real estate market with moderate growth. The median house price is currently $500,000, which represents a year-over-year increase of 3.5%. This consistent upward trend in housing prices indicates a healthy demand for residential properties in the area. Meanwhile, the median apartment price stands at $300,000, with a slower growth rate of 2.1% year-over-year. The divergent growth patterns between houses and apartments suggest that single-family homes may be more in demand compared to multi-family or investment properties.
The population of Kilworthy has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion underpins the increasing housing needs and can be seen as a catalyst for the continued real estate development and price appreciation within the community.
Investment Opportunities and Potential
Given the steady market conditions and promising demographics, Kilworthy offers several investment opportunities. Investors may find potential in capitalizing on single-family homes due to their higher appreciation rate. The sustained increase in house prices could yield substantial returns over time, especially for those looking to engage in long-term investments or rental property ownership.
The apartment sector’s slower growth rate might appeal to investors seeking more affordable entry points into the real estate market or those interested in catering to segments of the population that prefer renting over homeownership. Additionally, as the population continues to grow, demand for rental units is likely to increase, potentially driving up rent prices and lowering vacancy rates.
Future Market Outlook
The future market outlook for Kilworthy remains optimistic. Population growth is a strong indicator of ongoing demand for housing, which should support both rental and sales markets. If current trends persist, investors can reasonably expect continued appreciation in property values. However, potential buyers and investors should remain cognizant of broader economic conditions that could affect interest rates and affordability, which in turn might influence market dynamics.
Continued infrastructure development and community investments will also play a vital role in shaping Kilworthy’s real estate landscape. With positive economic indicators and strategic planning, Kilworthy could maintain its trajectory as an attractive destination for residents and investors alike.
