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Located in the country of Dufferin is the small rural town of Grand Valley. This tiny town has huge real estate potential, with its beautiful surroundings of fields and rivers and a small close-knit community. Grand Valley has a population of just 3000 residents, making it a real microcosm in the vast natural surroundings of Ontario, Canada. Grand Valley real estate has undergone a change over recent years; let’s take a look at the real estate trends in Grand Valley, and the real estate market prospects of this small part of the world.
In the past two years, Grand Valley’s real estate market has made a marked change. This small town is still in its developing years; compared with larger towns in Dufferin such as Mono, the prices are generally much lower, with fewer listings. This, of course, is down to the far smaller population of Grand Valley and fewer huge cash investments into the real estate of the town.
According to real estate statistics from the area, we can see that since November 2019, the average house price in Grand Valley has risen by around 12%, from approximately $580,000 to the current average of $668,484. This increase has not occurred on a steady incline, however, as graphs clearly indicate a huge fluctuation in housing prices in the past thirteen months. This, of course, could be attributed to the COVID-19 pandemic’s effect on the real estate market, but also may have to do with real estate investments, the time of year and other factors.
Let’s take a look at some other data when it comes to buying a home in Grand Valley. What else is there to consider? Well, firstly, the number of homes sold in this town per month have drastically increased in the latter half of 2020; in fact, between May and August 2020, the number of homes sold more than doubled from eight to twenty-one homes sold in those months respectively. Of course, the summer months are high season for real estate in general, so this meteoric increase could be attributed to the time of year. However, this increase also suggests that Grand Valley’s real estate is growing in popularity, both from local buyers and those moving into the town.
Homes do not stay on the market for long in this town. In fact, the average number of days a home spends on the market in Grand Valley Ontario is twelve. These figures indicate that the property market is accelerating in Grand Valley, proving that this small, close-knit town is a highly sought-after area. Combined with the rapidly rising house prices, it is indisputable that this town is in for some changes when it comes to real estate.
What about the future; what’s in store for the 2021 real estate market in Grand Valley? Global real estate projections predict a drop in house prices as the economic fallout of COVID-19 starts to take hold. However, for the citizens of Grand Valley, there is no telling what will happen in this small town that has already seen such fluctuating house prices in the past twelve months.
If you’re considering moving to Grand Valley Ontario, what kind of home can you expect to find? This rural town lists mainly detached homes that often come with land. Described on its Facebook page as ‘Nature’s Playground,’ Grand Valley Ontario is not for city slickers – its temperatures fluctuate wildly between summer and winter, so homes are built to accommodate this.
While Grand Valley hasn’t yet scaled to the level of real estate investment as other nearby towns, this small community certainly has a certain level of small-town charm. For young families looking to settle into a rural community and potentially invest some money in home renovations, this is an ideal place to live. Plus, for those looking to build a property from scratch, there is plenty of land for sale that can accommodate large detached homes for any size family.
What is the attraction of living in Grand Valley? Other than the gorgeous landscapes and escape from city life, there are plenty of reasons why the real estate market in Grand Valley is reaching the standards that it has. Here are some of the reasons the real estate in Grand Valley is booming right now!
Although Grand Valley is a very rural town that definitely falls into the category of “off the beaten track”, this town is only an 80-minute drive to Toronto city center. This proximity to Toronto allows individuals or families who still need or want access to the buzzing city, to do so easily. Having a car is essential if you are going to live in as rural a town as Grand Valley, but with your transport sorted, you could be commuting in and out of Toronto with ease.
Many young families are searching for a safe, secure neighbourhood in which to raise their children. Grand Valley is about as safe as it gets; its sleepy-town atmosphere will give any family the immediate feeling that there is nothing to fear in this friendly little town.
Although Grand Valley is a very small town, it has mighty potential when it comes to opportunities. There are many real estate opportunities in Grand Valley for anyone willing to invest time and money in this small town that has land to spare! Plus, there are arts, heritage and farming opportunities for local community members to make a difference.
Although real estate prices are on the rise in Grand Valley Ontario, now is the time to invest in a small town like this one. Grand Valley has plenty of room for new residents who are looking for opportunities to invest in property and become an active part of the local community too.