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
The real estate market in Bearberry, Alberta, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the housing sector shows resilience and moderate appreciation. This trend suggests a stable investment environment for single-family homes. Meanwhile, the apartment sector is also growing, albeit at a slightly slower pace, with a median price of $300,000 and a 2.1% year-over-year uptick. The consistency across different property types underscores a balanced demand for real estate in Bearberry.
The population of Bearberry stands at 15,000 residents, with a robust population growth rate of 7.1%. This influx is likely fueling housing demand and contributing to the positive trends seen in property values. Moreover, an expanding population often leads to diversified housing needs, potentially opening up opportunities within various submarkets including rentals, townhouses, and condominiums.
Investment Opportunities and Potential
Given the steady growth in property values and the strong population increase, Bearberry presents attractive investment opportunities. Investors might focus on acquiring single-family homes that have demonstrated solid appreciation potential or consider developing multi-unit residential complexes to cater to the growing population.
Furthermore, the healthy increase in apartment prices suggests that the market for smaller units is active and may offer lower entry points for investors seeking long-term rental income. With careful analysis of local demands and future development plans, investors could capitalize on emerging trends such as eco-friendly buildings or properties offering work-from-home amenities—both likely to be popular as remote work continues to influence homebuyer preferences.
Future Market Outlook
The future outlook for Bearberry’s real estate market remains optimistic. The consistent growth in property values indicates a market that has not yet reached its peak and may continue to grow in line with or above inflation rates. The substantial population growth rate hints at sustained demand for housing which should support market stability and potential price increases over time.
As Bearberry evolves, strategic investments that align with demographic trends—such as family-sized homes or developments near essential services—could be particularly beneficial. However, as with any investment decision, it is crucial to monitor economic indicators closely for shifts in market dynamics that could affect growth trajectories.
In summary, Bearberry’s real estate market displays promising conditions for both current investments and future prospects. By staying informed about local and broader economic factors, investors can make data-driven decisions to capitalize on this growing Alberta community.
