Arrowwood, 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 Arrowwood, Alberta, the current real estate market is characterized by a steady increase in property values. With a median house price of $500,000, we have witnessed a respectable year-over-year growth of 3.5%. This suggests a stable environment for homeowners, reflecting healthy demand and a robust local economy.
The market for apartments is also showing positive trends, with a median apartment price of $300,000. The annual increase in apartment prices is somewhat more modest at 2.1% year-over-year. Nonetheless, this steady growth indicates an ongoing interest in more affordable housing options within the community.
The population of Arrowwood stands at 15,000 residents and has seen a noteworthy population growth rate of 7.1%. This significant uptick in residents implies an expanding local market with increased demand for housing across all property types.
Investment Opportunities and Potential
The positive trends in Arrowwood’s real estate market suggest several attractive investment opportunities. The consistent growth in house prices presents potential for long-term capital gains for investors interested in the single-family home segment. As the median house price remains accessible at $500,000 and shows steady appreciation, investors may find substantial value here.
Apartments offer an alternative investment route with their lower entry cost at $300,000 and a solid growth rate of 2.1% annually. This segment may appeal to investors looking to cater to professionals or small families searching for more affordable housing or rental properties within the town.
The robust population growth further supports the notion that there will be sustained demand for properties in Arrowwood. Investors can capitalize on this demographic trend by focusing on developments that address the needs of new residents flocking to the area.
Future Market Outlook
The future market outlook for Arrowwood remains optimistic based on current data trends. Assuming the continuation of present economic conditions and population growth rates, it is reasonable to anticipate ongoing appreciation in property values. Specifically, if the current year-over-year trends hold, we can expect a gradual but steady increase in both housing and apartment prices over the next few years.
The influx of new residents is likely to maintain or even accelerate demand for housing within all sectors of the market. Therefore, barring any unforeseen economic shifts or policy changes that could affect affordability or desirability, Arrowwood’s real estate market should remain vibrant and offer compelling opportunities for both homeowners and investors alike.
