Bawlf, 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 Bawlf, Alberta is currently experiencing steady growth as indicated by the positive trends in property values. The median house price sits at $500,000, with a year-over-year increase of 3.5%. This consistent appreciation suggests a healthy demand for single-family homes in the area. Similarly, the market for apartments is also on an upward trajectory, with the median apartment price at $300,000 and an annual growth rate of 2.1%. The overall market is bolstered by a robust population growth of 7.1%, which is significantly higher than the national average, indicating an influx of residents that may continue to drive demand for housing.
Investment Opportunities and Potential
The data suggests that Bawlf’s real estate market offers promising investment opportunities. Given the steady appreciation in property values, investors can expect a reliable return on investments in both houses and apartments. The strong population growth provides a large pool of potential tenants and buyers, creating favorable conditions for rental and resale markets alike. For those looking to invest in rental properties, the growing population may lead to increased rental demand, potentially resulting in higher rental income and lower vacancy rates.
Future Market Outlook
Moving forward, Bawlf’s real estate market outlook appears optimistic. If current trends continue, investors and homeowners can anticipate further growth in property values. The sustained population increase should continue to act as a key driver for housing demand. However, it is important for stakeholders to monitor external economic factors such as interest rates, employment trends within the region, and broader provincial economic policies that could influence the future performance of the real estate market.
In conclusion, Bawlf presents itself as an attractive market for both residential living and real estate investment opportunities. Stakeholders are encouraged to keep abreast of regional developments that could impact these positive trends.
