Anthracite, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $450,000 |
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 Anthracite, Alberta is currently experiencing steady growth. The median house price stands at $485,000, reflecting a year-over-year increase of 2.8%. This moderate appreciation rate indicates a healthy market that is growing at a sustainable pace. Similarly, the median apartment price has seen an uptick to $295,000, which is up by 1.9% from the previous year.
These trends suggest that the market is stable and attractive for both homeowners and investors. The steady increase in property values can be partially attributed to Anthracite’s population growth of 3.3%, which suggests a growing demand for housing in the area.
Investment Opportunities and Potential
Investors considering Anthracite’s real estate market have several factors in their favor. The consistent growth in property values presents an opportunity for capital appreciation over time. Single-family homes, given their higher year-over-year price increase, may offer better long-term growth potential compared to apartments.
Additionally, the strong population growth indicates a rising demand for rental properties. Investors could potentially benefit from purchasing rental units or developing properties to cater to this expanding market. Given the current median prices for houses and apartments, there is a wide range of investment opportunities to suit different budget levels.
Future Market Outlook
The outlook for Anthracite’s real estate market remains positive. Assuming the continuation of current economic conditions and population trends, we can anticipate further gradual increases in property values. The local economy’s health will be vital in sustaining this growth; thus, monitoring employment rates and industry developments within Anthracite will be crucial for predicting future market shifts.
With the current population growth rate outstripping national averages, demand for housing should remain robust. This bodes well for both residential sales and rental markets. However, prospective buyers and investors should also consider external factors such as interest rates and regional policies that may influence future market dynamics.
