Altadore, Alberta 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 in Altadore, Alberta
As of the latest available data, the real estate market in Altadore, Alberta is characterized by steadily increasing property values. The median house price in the area stands at $500,000, with a year-over-year growth rate of 3.5%. This indicates a healthy demand for detached homes, likely driven by Altadore’s appealing community features and amenities.
In contrast, apartments in Altadore are seeing a more modest increase in value. The median apartment price is currently at $300,000 with a growth rate of 2.1% over the past year. This suggests that while there is appreciation in the apartment sector, the market for such properties is somewhat less vigorous compared to houses.
Investment Opportunities and Potential
For investors considering the Altadore real estate market, these trends suggest that single-family homes offer significant potential for capital gains. Given the steady year-over-year price increases for houses, investors might find that purchasing residential property could yield considerable returns over the mid to long term.
Meanwhile, the apartment sector presents a different opportunity. With its lower entry price point and growing value, apartments may be particularly attractive to investors seeking rental properties. The slower growth rate compared to houses suggests there may be competitive pricing available for investors looking to enter this market segment or expand their portfolio.
Future Market Outlook
Looking ahead, several factors are poised to influence the future of Altadore’s real estate market. The population of Altadore has grown by an impressive 7.1%, signaling a strong and increasing demand for housing in the area. This demographic trend can be expected to continue driving property values upward as newcomers settle in the community.
Assuming economic conditions remain stable and interest rates are favorable, both housing sectors—detached homes and apartments—should maintain their positive growth trajectory. However, detached homes may continue to outpace apartments in terms of appreciation due to persistent demand from families and professionals seeking space and lifestyle amenities unique to Altadore.
