Brocket, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 Brocket, Alberta is experiencing a period of steady growth. The median house price currently stands at $520,000, which represents a year-over-year increase of 4%. This indicates a healthy demand for housing in the area, likely driven by the local economy and the attractiveness of Brocket as a residential community. The market for apartments is also on the rise, with the median apartment price at $310,000 and a slightly lower growth rate of 2.5% year-over-year. This suggests that while houses are in greater demand, there is also a consistent market for apartment living.
Investment Opportunities and Potential
Given the current growth trends, investment opportunities in Brocket’s real estate market appear promising. The steady increase in housing prices may be appealing for investors looking for capital appreciation. Furthermore, the ongoing population growth of 3.3%, with the population now at 15,500, is likely to continue fueling demand for both houses and apartments. This demographic trend presents potential for both long-term property investors and developers interested in new construction to meet the rising housing needs.
Future Market Outlook
The future outlook for Brocket’s real estate market remains optimistic. With continued population growth and economic stability, demand for housing is expected to sustain or potentially increase. If these trends persist, investors can anticipate further gradual increases in property values over time. While no market is without risks—such as potential economic downturns or changes in interest rates—the current data suggests that Brocket’s real estate market is well-positioned for ongoing growth.
