Ardmore, 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
The real estate market in Ardmore, Alberta, is currently experiencing consistent growth. The median house price in the area is $500,000, which marks a year-over-year increase of 3.5%. This indicates a steady demand for housing in the community. Furthermore, the median apartment price stands at $300,000, with a more modest growth trend of 2.1% year-over-year. This slower pace suggests that while apartments are increasing in value, the demand for them may not be as strong as for houses.
The population of Ardmore has reached approximately 15,000 residents, showing a robust growth rate of 7.1%. This influx of new residents is likely contributing to the healthy real estate market as more people are seeking housing in the region.
Investment Opportunities and Potential
The steady rise in property values coupled with substantial population growth positions Ardmore as an attractive location for real estate investment. The consistent increase in house prices indicates that buying residential properties can offer reliable capital appreciation over time. Investors might also consider leveraging rental properties to capture potential yield from the growing population demanding quality housing.
Given that apartment prices are growing at a slower pace compared to houses, investors may find opportunities to enter the market at a lower point while still benefiting from the overall upward trend. Additionally, new developments tailored to meet increased demand could present further investment prospects.
Future Market Outlook
Given the current trends and statistics, the future outlook for Ardmore’s real estate market appears positive. Assuming that economic conditions remain favourable and population growth continues at its current or higher rate, demand for housing is likely to remain strong. This will likely sustain or possibly even accelerate current price trends.
The ongoing development of local infrastructure and community amenities in response to population growth may further boost property values and attract more residents and investors alike. It is reasonable to expect that Ardmore’s real estate market will continue to grow steadily, making it an appealing option for investors seeking long-term capital growth and stability.
