Bearberry, 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 Bearberry, Alberta, the real estate market is currently characterized by stable growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This steady rise in housing prices indicates a healthy demand for residential properties. Similarly, the median apartment price has seen an uptick to $300,000, marking a 2.1% year-over-year growth.
The population of Bearberry has reached 15,000 residents, with a notable growth rate of 7.1%. This demographic expansion contributes to the sustained demand for housing, as new residents seek accommodation in the region. The current trends reflect a balanced market that is potentially beneficial for both buyers and sellers.
Investment Opportunities and Potential
In light of the current market trends, Bearberry presents several promising investment opportunities. The consistent appreciation in property values suggests that investments in residential real estate are likely to yield positive returns over time. For investors looking at rental properties, the growing population could translate into a larger pool of potential tenants and sustained rental income.
The more significant increase in house prices compared to apartments may indicate a higher demand for detached homes, which could be particularly appealing for family-oriented investors. Conversely, the slower yet positive growth in apartment prices might offer more accessible entry points for first-time investors or those with limited capital.
Future Market Outlook
The future outlook for Bearberry’s real estate market remains optimistic given the current trajectory. With population growth outpacing the national average, there is an expectation of continued demand for housing. If economic conditions remain favorable and employment opportunities keep pace with population increases, Bearberry’s real estate market could maintain its momentum or even experience an acceleration in growth rates.
However, potential investors and homeowners should stay informed about local developments that may impact the market, including changes in interest rates, government policies related to housing, and regional economic shifts. Staying attuned to these factors will be crucial for making well-informed decisions in Bearberry’s dynamic real estate environment.
