Carbondale, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carbondale, Alberta is currently experiencing steady growth. The median house price stands at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for single-family homes, likely driven by the town’s growing population and favorable economic conditions.
Apartments are showing a more modest increase in value with the median apartment price sitting at $300,000 and a year-over-year growth rate of 2.1%. This slower pace suggests that while the market is growing for apartments, investors and homebuyers may be leaning towards purchasing houses.
Investment Opportunities and Potential
The trends suggest that Carbondale offers promising investment opportunities, particularly in the housing sector. Given the consistent increase in property values, investors could potentially see continued appreciation in their real estate assets. The population growth of 7.1% underscores this potential, as it may lead to increased demand for housing.
Investors should also consider the rental market due to the influx of new residents. With a growing population that may include renters unable to immediately purchase property, investing in apartments or houses with rental potential could yield positive returns through rental income.
Future Market Outlook
The future outlook for Carbondale’s real estate market appears positive. Population growth remains robust at 7.1%, which will likely sustain demand for housing in both the short and long term. Assuming current trends continue, both the median house and apartment prices are expected to rise steadily, offering potential capital gains to homeowners and investors alike.
However, it is important for stakeholders to monitor local economic factors and housing supply issues that could affect market dynamics. An over-supply of new housing developments or major shifts in the economy could impact prices and demand levels. Nonetheless, given current data points and trends, Carbondale’s real estate market shows signs of sustained health and growth potential.
