Ardrossan, 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 Ardrossan, Alberta, is currently exhibiting steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of moderate appreciation. Similarly, the median apartment price stands at $300,000, with a slightly lower year-over-year growth rate of 2.1%. This suggests a stable market for both houses and apartments.
The population in Ardrossan has been growing at a significant rate of 7.1%, indicating a rising demand for housing in the region. This demographic expansion could be contributing to the positive price trends seen in the real estate market. The consistent growth in property values aligns with general economic stability and consumer confidence within the province.
Investment Opportunities and Potential
In light of the current market conditions, Ardrossan presents appealing investment opportunities. The continued population growth coupled with steady price increases suggests that there is ongoing demand for housing. For investors looking to purchase residential properties to rent out or hold for capital gains, this could translate into favorable rental yields and long-term asset appreciation.
Houses, with their higher appreciation rate compared to apartments, may offer a more substantial return on investment over time but may also require larger upfront capital. Apartments, on the other hand, might provide a more accessible entry point into the real estate market for smaller investors or those seeking lower maintenance properties.
Future Market Outlook
The future outlook of the Ardrossan real estate market appears promising. Given the solid population growth and sustained price trends, it’s reasonable to anticipate that demand for housing will remain robust. If economic drivers such as employment rates and infrastructure development follow suit, Ardrossan could continue to see a healthy real estate market.
Investors should monitor factors like interest rates, local economic policies, and regional developments that could impact housing affordability and desirability. Nonetheless, if current trends persist, both housing and apartment markets are likely to offer attractive prospects for those looking to invest in Ardrossan’s real estate over the coming years.
