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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





Bluffton, Alberta Real Estate Market Analysis

1. Current Market Conditions and Trends

The real estate market in Bluffton, Alberta, is experiencing steady growth, as reflected by the year-over-year increase in property values. The median house price currently stands at $500,000, which marks a 3.5% increase from the previous year. This trend indicates a healthy demand for housing in the area, likely driven by attractive community features and economic stability.

Apartments are also showing positive growth with a median price of $300,000 and a 2.1% price increase year-over-year. This more modest growth rate compared to houses suggests that there may be different factors influencing the apartment market or that this segment offers an entry point for first-time homebuyers and investors.

The population of Bluffton has been growing at a robust rate of 7.1%, which may contribute to the sustained demand for housing and can potentially lead to tighter market conditions if supply does not keep pace with the increasing population.

2. Investment Opportunities and Potential

Given the solid growth in both housing prices and population, Bluffton represents an appealing market for real estate investors. The continuous appreciation of property values indicates a stable investment climate with potential for capital gains over time.

The more significant percentage increase in median house prices in comparison to apartments suggests that single-family homes might offer better long-term appreciation potential. However, apartments could represent an opportunity to cater to a segment of the market that is looking for more affordable housing options or rental properties.

With the ongoing population growth, there is also potential for new development projects or renovations in existing properties to meet the rising demand for modern and efficient living spaces.

3. Future Market Outlook

The future outlook for Bluffton’s real estate market remains optimistic given current trends and statistics. Assuming that economic conditions remain favorable and the population continues to grow at a similar rate, demand for housing is likely to remain strong.

If local employment opportunities expand alongside population growth, this could further bolster the real estate market by increasing purchasing power and attracting new residents seeking job prospects.

Nonetheless, potential investors and homebuyers should stay informed about local zoning laws, development plans, and economic policies that could impact future property values. Careful analysis of these factors will be crucial in assessing long-term investment viability in Bluffton’s real estate market.