Brocket, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
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 | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $410,000 |
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 currently experiencing a moderate growth pattern. With a median house price of $485,000 and a year-over-year increase of 4%, the market is showing signs of steady appreciation. Similarly, the apartment sector has seen a rise in value, with a median price of $295,000 and an annual growth rate of 2.5%. This growth is supported by an increasing population, which has recently grown by 3.3% to reach 15,500 residents.
Investment Opportunities and Potential
Investment in Brocket’s real estate market presents a promising opportunity for medium to long-term investors. The consistent upward trend in property values indicates a robust demand for housing. Single-family homes, given their higher appreciation rate, offer potentially higher returns on investment. On the other hand, apartments with their lower entry price point provide an accessible opportunity for new investors looking to enter the market. Additionally, the steady population growth suggests a continuous demand for rental properties, making buy-to-rent investments particularly appealing.
Future Market Outlook
Looking forward, Brocket’s real estate market is poised for continued growth. As the population expands further due to both organic growth and incoming migration attracted by local opportunities, demand for housing is likely to persist. Assuming economic conditions remain favorable and there are no significant changes in interest rates or government policy affecting homeownership, both house and apartment prices are expected to maintain their upward trajectory.
However, potential investors should stay informed about local development plans and infrastructure improvements which could significantly impact property values in specific areas within Brocket.
