Kilworthy, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kilworthy, Ontario currently presents a stable environment with consistent growth. The median house price in the region stands at $525,000, demonstrating a healthy year-over-year increase of 4%. This indicates a steady demand for housing in the area, likely driven by favorable living conditions and the town’s appeal to both families and professionals.
Similarly, the median apartment price has reached $310,000 with a slightly lower growth rate of 2.5% year-over-year. This trend suggests that apartments are becoming an increasingly viable option for individuals and smaller households seeking more affordable housing solutions or investment properties in Kilworthy.
Complementing this data is Kilworthy’s population growth of 3.3%, which is indicative of the town’s growing appeal and suggests sustained demand for housing going forward. The influx of new residents is likely to maintain pressure on the housing market, potentially leading to continued appreciation in property values.
Investment Opportunities and Potential
In terms of investment opportunities, Kilworthy’s real estate market offers potential for both short-term gains and long-term value appreciation. The consistent upward trend in house prices reflects a market ripe for investors looking to capitalize on equity growth. With houses experiencing a higher appreciation rate than apartments, investors might focus on single-family homes as these properties could offer greater potential for capital gains.
However, apartments should not be overlooked as they represent an opportunity to cater to a segment of the population that prefers more compact living spaces or may not be able to afford higher-priced homes. Rental investments in apartments could benefit from the city’s population growth, as newcomers may initially seek rental accommodations before purchasing property.
Developers and investors should take note of local zoning regulations and future development plans to identify areas within Kilworthy where there may be untapped potential or planned infrastructure improvements that could boost property values further.
Future Market Outlook
Looking ahead, Kilworthy’s real estate market appears poised for continued growth. The strong population increase suggests that demand for housing will persist, which should support ongoing property value appreciation. Assuming the local economy remains robust and supportive of employment opportunities, we can expect the housing market to remain buoyant.
However, it is important for stakeholders to monitor external factors such as interest rates, economic policies, and regional developments that could impact buyer affordability and influence market dynamics. Investors and homeowners should remain attentive to such changes to optimize their strategies accordingly.
In conclusion, while current trends point towards a healthy real estate market in Kilworthy with various investment avenues, vigilance is advised given the fluid nature of real estate markets and broader economic conditions.
