Blairmore, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $495,000 |
4 bedrooms | $585,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $325,000 |
3 bedrooms | $425,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,500 |
Population Change | 4.8% |
Total Private Dwellings | 6,200 |
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 current real estate market in Blairmore, Alberta, reflects a period of moderate growth. With the median house price sitting at $495,000 and exhibiting a year-over-year increase of 3.2%, the market is showing signs of steady expansion. Similarly, the apartment sector has experienced growth with the median apartment price reaching $295,000 and a year-over-year trend of 1.9%. This consistent upward movement in prices indicates a healthy demand for housing in the area.
The population of Blairmore has grown by 4.83% to 15,200 residents, further suggesting an increased demand for housing. The demographic shift likely contributes to the overall market activity, with more individuals and families seeking residence in the community. This burgeoning population is a key driver of real estate dynamics in Blairmore as it continues to shape both present conditions and future trends.
Investment Opportunities and Potential
Given Blairmore’s growing population and steady property value appreciation, investment opportunities appear promising. Real estate investors looking for long-term capital growth may find Blairmore an attractive option due to its consistent increase in housing prices. The single-family home market, with its 3.2% growth rate, offers potential for equity gains over time.
Apartments represent an alternate investment avenue with their own appeal. With a median price point of $295,000 and a more modest appreciation rate of 1.9%, apartments could be an accessible entry point for investors looking to capitalize on rental income or smaller-scale investments.
Furthermore, the ongoing population growth suggests a continuous demand for rental properties which could benefit landlords and investors interested in residential income properties. The current economic landscape in Blairmore may also present opportunities for commercial real estate investments as the town expands.
Future Market Outlook
The future outlook for Blairmore’s real estate market appears cautiously optimistic. Should the population continue to grow at its current pace, demand for housing is likely to remain robust which would support further property value appreciation. However, investors should also consider regional economic factors and potential shifts in local industry that may impact the market’s trajectory.
As infrastructure develops to support the expanding community, new construction and development projects could introduce additional inventory to the market which may offer varied investment options but also influence pricing dynamics.
In conclusion, while there are no guarantees in real estate investment, Blairmore presents several compelling factors that suggest continued growth and potential investment opportunities. Keeping abreast of local developments will be vital for those looking to participate in this dynamic market.