Chard, 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 Chard, Alberta is currently experiencing stable growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing healthy activity. Similarly, the median apartment price stands at $300,000, with a growth trend of 2.1% year-over-year. These statistics indicate a robust demand for both houses and apartments in the region.
The population of Chard has reached approximately 15,000 residents, with a significant growth rate of 7.1%. This demographic expansion can be attributed to the town’s economic opportunities and quality of life, which are likely contributing to the steady demand in the housing market.
Investment Opportunities and Potential
The current trends in Chard’s real estate market offer attractive opportunities for investors. The consistent increase in property values suggests that investment in residential real estate could yield solid returns over time. Given the strong population growth, there is potential for both rental and resale markets.
In light of these factors, it may be advantageous for investors to consider acquiring properties now to leverage the town’s growth trajectory. The 3.5% increase in house prices and 2.1% increase in apartment prices year-over-year are indications that early investments could benefit from continued appreciation.
Future Market Outlook
The future outlook for Chard’s real estate market appears promising. The combination of steady price increases, significant population growth, and ongoing economic development suggests that the town will maintain its upward trajectory in the real estate sector.
If current trends persist, investors can reasonably expect continued growth in property values. However, as with any investment decision, it is crucial to remain attentive to both local and national economic indicators that could affect market conditions.
Prospective buyers and investors should stay informed on developments within Chard as well as broader legislative changes that could impact property taxes or mortgage rates. With careful consideration of these factors, stakeholders can make strategic decisions to capitalize on Chard’s growing real estate market.
