Bellis, 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 Bellis, Alberta, the real estate market is experiencing steady growth. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This consistent upward trend suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price has reached $300,000, growing at a slightly more modest rate of 2.1% year-over-year. This difference in growth rates indicates a potentially higher demand for houses over apartments, which may be driven by demographic factors such as family formation or a preference for more space.
The population of Bellis has risen to 15,000 residents, with an impressive growth rate of 7.1%. This influx of new residents may be contributing to the increased demand for housing and is likely a driver behind the rising property values.
Investment Opportunities and Potential
The market data suggests that Bellis is positioned well for real estate investment opportunities. The steady appreciation in property values provides an attractive environment for both long-term investors and those interested in acquiring assets for rental income. With single-family homes appreciating at a faster pace than apartments, investors might consider focusing on this segment for potentially higher capital gains.
Furthermore, Bellis’s robust population growth implies a growing rental market that could benefit landlords and real estate investors looking to expand their portfolios into areas with increasing demand. In addition to residential properties, there may also be opportunities in commercial real estate due to the economic activity generated by the expanding population.
Future Market Outlook
The future outlook for Bellis’s real estate market appears promising. If current trends persist, we can expect continued appreciation in property values across both houses and apartments. Given the healthy population growth rate, housing demand is likely to remain strong, supporting further market expansion.
However, investors should keep an eye on broader economic conditions and local developments that could impact the market. Factors such as employment rates, infrastructure investments, and changes in local policies can influence future trends. A proactive approach to monitoring these elements will be crucial for those looking to capitalize on Bellis’s real estate market potential.
