Bondiss, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| 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 real estate market in Bondiss, Alberta is currently experiencing a period of moderate growth. The median house price stands at $485,000, which represents a year-over-year increase of 4%. This increment indicates a healthy demand for houses in the region, reflecting both the attractiveness of Bondiss as a residential area and the general strength of the local economy.
In comparison, the apartment sector is showing a slightly more modest growth trend. With a median price point of $295,000, the apartment prices have risen by 2.5% over the past year. This difference in growth rates between houses and apartments may suggest that families and individuals are leaning towards purchasing houses over apartments, possibly driven by a desire for more personal space or property ownership.
The population of Bondiss has reached 15,500 residents, with an above-average growth rate of 3.3%. Such demographic expansion is typically a positive sign for the real estate market as it often leads to increased housing demand.
Investment Opportunities and Potential
The steady increase in property values coupled with ongoing population growth presents promising investment opportunities in Bondiss. The consistent appreciation in house prices points to sustainable long-term investment potential, particularly for those interested in residential properties.
Investors looking to capitalize on rental income may find opportunities within the apartment market due to its lower entry price point and sustained appreciation trend. As the population continues to grow, demand for rental properties is likely to increase, potentially offering attractive returns on investment through both rental yield and capital gains.
Furthermore, as Bondiss continues to develop and attract new residents, there may be untapped potential in commercial real estate investments that cater to an expanding consumer base.
Future Market Outlook
The future outlook for Bondiss’ real estate market remains optimistic. Given the solid foundation of current market conditions—reflected through consistent property value appreciation—and robust population growth, it is reasonable to forecast continued health and expansion within this market.
Projected trends suggest that both residential and commercial real estate sectors will benefit from further development initiatives and infrastructural improvements that typically accompany population increases. As such, investors can reasonably expect sustained growth in property values over the medium to long term.
In conclusion, Bondiss presents itself as an appealing market for both homebuyers and investors alike. With careful consideration of market data and trends, stakeholders can make informed decisions that capitalize on the potential offered by this vibrant community.
