Bondiss, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
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 | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| 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 presently experiencing a phase of moderate growth. With the median house price sitting at $490,000, we’ve observed a steady year-over-year increase of 3.8%. This growth rate indicates a healthy demand for housing in the area. Similarly, the apartment sector is also seeing upward movement, with a median price of $295,000 and a 2.5% year-over-year price trend. The incremental growth across both housing types suggests a balanced market that is expanding in line with general economic conditions.
Investment Opportunities and Potential
Investors looking towards Bondiss can be optimistic about the potential returns on residential real estate. The consistent rise in property values implies that investments made now could appreciate over time. Given the 2.7% population growth rate, it is evident that Bondiss is an attractive locale for individuals seeking residence, which may lead to increased rental demand. This demographic expansion not only underpins the current price trends but also presents opportunities for rental property investors to capitalize on the growing population.
Future Market Outlook
The future market outlook for Bondiss looks promising based on the observed data and trends. The steady population growth rate of 2.7% is likely to continue fueling housing demand, which should support ongoing property value appreciation. Assuming this trend aligns with broader economic stability and favorable mortgage interest rates, Bondiss’s real estate market is positioned for sustained growth in both the short and long term.
