Bluffton, 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 Bluffton, Alberta, currently exhibits steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing resilience and consistent appreciation. Despite global economic uncertainties, Bluffton’s housing market has maintained a positive trajectory.
The apartment sector is also experiencing growth, albeit at a slightly slower pace. The median apartment price stands at $300,000, with a year-over-year increase of 2.1%. This suggests a sustained demand for more affordable and smaller-scale housing options within the community.
Bluffton’s population has grown by an impressive 7.1%, indicating a thriving community that is attracting new residents. This demographic shift is likely contributing to the ongoing demand for housing in the area and encouraging a robust real estate market.
Investment Opportunities and Potential
Given the positive trends in housing prices and population growth, Bluffton represents an attractive locality for real estate investors. The consistent appreciation in median house prices points to strong potential for capital gains over the long term. Furthermore, the increasing population suggests a growing rental market, which could benefit investors looking for steady cash flow through rental income.
Investors considering entry into the Bluffton market may find opportunities in both single-family homes and multi-unit apartments due to the diverse demands of the expanding population. With the current momentum in property values, strategic investments could yield substantial returns.
Future Market Outlook
The future outlook for Bluffton’s real estate market remains optimistic. The solid year-over-year growth in house and apartment prices indicates that the market has not yet reached its peak and may continue to rise. Coupled with strong population growth, which is set to increase demand for housing further, there are no immediate signs of a downturn.
However, investors should remain cognizant of broader economic factors that can influence local markets such as interest rate changes, employment rates, and regional economic development initiatives. While current indicators are positive, responsive strategies will be key to navigating any future fluctuations in the market.