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 a steady increase in property values. With a median house price of $500,000 and a positive year-over-year growth rate of 3.5%, the housing market is showing signs of healthy demand and consumer confidence. Similarly, the apartment sector is also witnessing growth, albeit at a slightly slower pace with a median price of $300,000 and a 2.1% year-over-year increase. This consistent growth across different housing types indicates a robust market that caters to diverse buyer segments.
The town’s population has grown by 7.1%, suggesting an influx of new residents and potential increased demand for housing. This demographic change can have several implications for the real estate market, including heightened competition for available properties and potential upward pressure on prices if the supply does not keep pace with demand.
Investment Opportunities and Potential
Given the steady appreciation in property values, Bawlf represents a promising opportunity for real estate investors looking for long-term capital gains. The current trends indicate that investing in residential properties could be quite lucrative, especially when considering the strong population growth as a driver for future demand.
In addition to residential properties, investors may also explore opportunities in the rental market. As the town continues to attract new residents, there may be an increased need for rental accommodations, which can offer investors stable cash flow and good yield prospects. The relative affordability of apartments compared to houses could make them particularly attractive to first-time homebuyers or those looking for investment properties.
Future Market Outlook
Looking ahead, Bawlf’s real estate market appears to be positioned for continued growth. The persistent rise in property values coupled with solid population growth suggests that there will be ongoing demand for housing in the region. While current trends are positive, potential investors should also consider local economic factors, infrastructure developments, and interest rates as these can have significant impacts on the future performance of the real estate market.
Should the town continue to attract new residents and businesses due to its appealing living conditions and potential economic opportunities, it is reasonable to expect that both the residential and rental markets will remain vibrant. However, prospective buyers and investors are advised to conduct thorough due diligence and monitor any shifts in market dynamics closely to ensure successful ventures in Bawlf’s real estate landscape.
