Coaldale, 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 Coaldale, Alberta real estate market is currently experiencing a period of growth, reflected in the steady increase in property values. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for houses in the area, likely driven by both local factors and broader national market conditions. The market for apartments is also showing positive momentum, with a median price of $300,000 and an annual appreciation rate of 2.1%.
The population of Coaldale has seen significant growth at a rate of 7.1%, which is notably higher than many other regions. This influx of residents is likely contributing to the robust housing demand, leading to the observed price trends. The city’s infrastructure, amenities, and community services are expected to be under increasing demand as the population grows.
Investment Opportunities and Potential
The current trends in the Coaldale real estate market suggest that there are promising opportunities for investment. The consistent rise in house prices indicates that purchasing residential properties could yield capital gains over time. Investors looking at rental properties may also benefit from the growing population, as the need for rental units could increase alongside the influx of new residents.
Investment in apartments could be particularly appealing given their more modest price point and the gradual yet steady appreciation rate. As more people move to Coaldale in search of affordable living options away from larger urban centers, demand for apartment living may continue to rise.
For those considering development projects, Coaldale’s population growth provides a potential customer base for new housing developments, commercial spaces, and mixed-use complexes. It is important for investors to note zoning regulations and future urban planning initiatives when considering development investments.
Future Market Outlook
The future of Coaldale’s real estate market appears optimistic based on current trends and demographic shifts. If the population continues to grow at its current pace or faster due to regional economic development or migration patterns favoring smaller towns, demand for housing is likely to remain strong or even increase.
This sustained demand could further drive up property values over time, presenting a favorable outlook for long-term real estate investments. However, investors should remain vigilant about external factors such as changes in interest rates, government housing policies, and economic conditions that could impact the market dynamics.
Given these considerations, potential investors are encouraged to conduct thorough market research and consult with local real estate experts before making investment decisions in Coaldale’s evolving market landscape.