Bruderheim, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| 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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
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 Bruderheim, Alberta, is experiencing stable growth. The median house price currently stands at $485,000, with a year-over-year increase of 3.2%. This consistent appreciation indicates a healthy demand for housing in the area. Similarly, the median apartment price is $295,000, which has also seen an uptick by 2.5% over the past year. These trends suggest a balanced market that is neither overly saturated nor lacking in inventory.
The population of Bruderheim has grown to 15,500, with a notable growth rate of 3.3%. This demographic expansion contributes to the increased demand for housing, influencing both the sales volume and price trends positively.
Investment Opportunities and Potential
Given the steady rise in property values and population growth in Bruderheim, investment opportunities are promising. The moderate yet consistent appreciation rates for both houses and apartments signal potential for solid returns on investment through both capital gains and rental income.
The relative affordability of apartments may attract first-time investors or those looking for lower entry points into the real estate market. With a median price of $295,000, apartments offer an accessible option with a growing demand.
Houses, with their higher median value at $485,000, present an opportunity for more significant investment ventures, potentially catering to families or professionals drawn by Bruderheim’s economic prospects and lifestyle offerings.
Future Market Outlook
The future outlook for Bruderheim’s real estate market appears optimistic. The ongoing population growth implies continued demand for housing which should sustain the upward trend in property values. The current economic climate, coupled with infrastructure development in Alberta, may further bolster this growth momentum.
In addition to residential properties, commercial real estate could also experience positive movements due to an expanding local economy and population base requiring services and amenities.
In summary, with its stable price appreciation rates and demographic trends, Bruderheim offers an attractive landscape for both short-term investors and those looking towards longer-term horizons.
