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 (2024) | 15,000 |
| Previous Population (2019) | 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 characterized by steady growth. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. Meanwhile, the median apartment price stands at $300,000, reflecting a more modest year-over-year growth of 2.1%. These trends indicate a healthy demand for housing in the area.
The robust population growth of 7.1% further supports the rising demand for real estate in Carbondale. The population increase, currently at 15,000 residents, is likely contributing to competitive market conditions and could be influencing the steady appreciation of property values.
Investment Opportunities and Potential
Given Carbondale’s solid growth indicators, investment opportunities appear promising. The consistent rise in property values suggests that purchasing real estate here could yield significant returns over time. Investors looking to capitalize on rental markets would find the growing population an advantageous factor—more residents typically equate to higher rental demand.
Furthermore, with houses appreciating at a faster rate than apartments, investors may prioritize single-family homes for greater capital gains. However, apartments should not be disregarded as they offer a more accessible entry point into the market and may cater to individuals or small families seeking affordable housing options.
Future Market Outlook
The future outlook for Carbondale’s real estate market remains optimistic. Should current trends persist, investors and homeowners can expect continued property value growth. The strong population growth serves as a fundamental driver for sustained demand and may lead to further tightening of market conditions.
It is important to monitor economic factors that could impact interest rates and lending conditions, as these will also influence buyers’ purchasing power. Nonetheless, if Carbondale maintains its trajectory of economic and demographic expansion, the real estate market is poised for ongoing prosperity.
