Cleardale, 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 Cleardale, Alberta is currently experiencing a steady growth, as indicated by the year-over-year increases in property values. The median house price stands at $500,000, reflecting a healthy 3.5% increase from the previous year. Meanwhile, the apartment sector is also showing positive momentum with a median price of $300,000, and an appreciation trend of 2.1% year-over-year. These statistics suggest a balanced market where properties are appreciating at a moderate pace.
The population of Cleardale has reached 15,000 residents, with a significant population growth rate of 7.1%. This demographic expansion is likely contributing to the demand for housing in the area and could be a driving factor behind the consistent increase in property values.
Investment Opportunities and Potential
With its growing population and steady property value appreciation, Cleardale presents promising investment opportunities. The consistent rise in median house prices suggests that single-family homes are a viable asset class for both long-term equity growth and rental income potential. Apartments also present an attractive investment opportunity due to their lower entry price point and solid appreciation rate.
Investors looking for opportunities in Cleardale may benefit from focusing on neighborhoods or developments poised to take advantage of the town’s growth. With careful analysis of local demand drivers and planned infrastructure projects, investors can identify properties that are likely to outperform the general market trends.
Future Market Outlook
The future real estate market outlook for Cleardale appears optimistic based on current trends and underlying fundamentals. The strong population growth indicates sustained demand for housing, which should support property values moving forward. If the economic conditions remain favorable, with low unemployment rates and robust local job markets, we can expect the real estate market in Cleardale to continue its upward trajectory.
However, potential investors should also consider external factors such as interest rates, government policies affecting homeownership, and broader economic shifts that could impact buyer sentiment and market dynamics. Close monitoring of these indicators will be crucial for accurate forecasting and successful investment strategies.
