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 (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 Chard, Alberta is currently experiencing modest growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a steady demand for housing in the area, possibly driven by favorable local economic factors or an influx of residents. The median apartment price stands at $300,000, which has risen by 2.1% over the past year. While the growth is more subdued compared to houses, it indicates a consistent upward trend in the local property market.
The population of Chard has grown by 7.1%, which is a significant factor contributing to the health of the real estate sector. An expanding population typically leads to increased demand for housing, both owned and rented, which can drive property prices upward. This demographic expansion could be due to several factors including job opportunities, quality of life, and Chard’s appeal as a residential community.
Investment Opportunities and Potential
Investors considering Chard’s real estate market have plenty of opportunities to capitalize on. The consistent growth in median house and apartment prices indicates a stable investment environment with potential for capital gains over time. Given the robust population growth rate, there is also likely to be ongoing demand for rental properties, which could provide investors with steady income streams.
In addition to traditional residential investments, there may be opportunities in developing or refurbishing properties to meet the growing demand or to cater to niche markets within the community. As with any investment decision, it is important for potential investors to conduct thorough market research and consider local economic conditions and development plans that may affect future property values.
Future Market Outlook
The future outlook for Chard’s real estate market appears positive. If current trends continue, such as population growth and steady increases in property values, the market could see sustained expansion. However, investors should monitor external economic factors that might impact these trends including interest rates, employment rates within the region, and broader national economic health.
Urban development projects, infrastructure improvements or major policy changes could also influence future market conditions in Chard. Staying informed about such developments will be key for anyone involved in the real estate sector here. Overall though, if Chard continues to attract new residents and maintains its economic stability, its real estate market should remain an attractive area for both homebuyers and investors alike.
