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
The real estate market in Arrowwood, Alberta, is currently experiencing moderate growth. With a median house price of $500,000 and a year-over-year price increase of 3.5%, the market shows signs of steady appreciation. Similarly, the apartment sector has seen a growth trend with a current median price set at $300,000 and a more modest annual increase of 2.1%. These figures suggest that the residential real estate market is relatively stable, providing both sellers and buyers with opportunities for transactional success.
The population in Arrowwood stands at 15,000 residents and has recently grown by 7.1%. This significant population growth can be attributed to factors such as economic opportunities in the region, lifestyle changes, or demographic shifts. The influx of new residents may contribute to a higher demand for housing which is likely to put upward pressure on property prices if the supply does not keep pace.
Investment Opportunities and Potential
Given the current trends and market data, real estate investment in Arrowwood presents several opportunities. The consistent growth in house prices indicates a healthy market with potential for capital gains over the long term. Investors looking to purchase rental properties might find this area particularly attractive due to the increasing population and the potential rise in demand for housing units.
Apartments offer a more accessible entry point into the real estate market with a median price of $300,000. Although they exhibit slower appreciation at 2.1% year-over-year compared to houses, they may present an opportunity for investors seeking lower-priced assets or those looking to diversify their portfolio with multifamily units.
Future Market Outlook
The future outlook for Arrowwood’s real estate market appears positive due to several contributing factors. The robust population growth indicates ongoing demand for housing which can sustain property value appreciation. Provided that economic conditions remain favorable and no significant policy changes disrupt the market dynamics, both the residential housing and apartment sectors are expected to maintain an upward trajectory.
However, potential investors should also monitor local developments such as infrastructure projects, changes in zoning laws, or shifts in employment rates as these could influence future market conditions. Maintaining vigilance on these fronts will be essential for capitalizing on Arrowwood’s real estate investment opportunities while mitigating risks.
