Ardmore, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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
In Ardmore, Alberta, the real estate market is currently experiencing steady growth. With a median house price of $485,000 and a year-over-year increase of 4%, the market demonstrates healthy appreciation. Similarly, apartments are seeing a more modest but consistent growth with a median price of $295,000 and an annual trend increase of 1.8%. This growth pattern is supported by an expanding population that has risen by 4.8% to reach 15,200 residents. The demand for housing is likely being driven by both this population growth and broader economic factors within the region.
Investment Opportunities and Potential
The consistent increase in property values points to solid investment opportunities in Ardmore. Single-family homes, as indicated by the median house price trend, show robust potential for capital gains. Given the lower median price for apartments and their steady appreciation rate, these properties may be particularly appealing for investors looking for more affordable entry points into the real estate market or seeking rental income properties. The significant population growth signals a strong rental market potential, as new residents may initially seek temporary housing solutions.
Future Market Outlook
The future outlook for Ardmore’s real estate market appears promising. If current trends continue, investors can expect ongoing appreciation in property values. The robust population growth suggests a sustained demand for housing which could lead to tighter inventory levels and potentially higher prices over time. As the local economy adapts to accommodate this influx of residents, further development and infrastructural investment could bolster property values even more significantly.
However, it is vital to monitor external economic factors that could impact interest rates and borrowing costs which would in turn affect affordability and demand in the housing market. Investors should remain attentive to both local and national economic indicators when considering long-term investments in Ardmore’s real estate.
