Bellevue, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,800 |
| Population Change | 1.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bellevue, Alberta, is experiencing a period of steady growth with the median house price currently at $485,000, marking a 2.8% year-over-year increase. This suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price has risen to $295,000, with a more modest 1.5% year-over-year growth rate. These figures indicate a consistent but controlled upward trend in property values within Bellevue.
The population of Bellevue stands at 15,000 and has been growing at a rate of 1.35%. This population growth is likely contributing to the demand for housing and could be one of the driving factors behind the steady appreciation in property values.
Investment Opportunities and Potential
The current trends suggest that Bellevue offers promising investment opportunities, particularly in the residential sector. The consistent increase in median house prices indicates that investing in single-family homes could yield positive returns due to the existing upward trajectory of the market.
Apartments are also proving to be an attractive investment option with a 1.5% growth rate year-over-year. Given their lower entry price point compared to houses, apartments may be particularly appealing to first-time investors or those looking for more affordable investment opportunities.
With Bellevue’s population continuing to grow, demand for housing is expected to remain strong, which should support both rental and capital appreciation prospects for investors. Furthermore, new developments and infrastructure projects could enhance Bellevue’s appeal and further stimulate local real estate market activity.
Future Market Outlook
The future outlook for Bellevue’s real estate market appears optimistic based on current conditions and demographic trends. Continued population growth is likely to sustain demand for housing across both the rental and purchase markets. If current trends prevail, investors can expect ongoing appreciation in property values over the medium to long term.
However, potential investors should also stay informed about any economic or policy changes that could impact the real estate landscape. Monitoring interest rates, employment levels, and regional economic development will be crucial for making well-informed investment decisions in Bellevue’s evolving market.
