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 real estate market in Coaldale, Alberta is currently experiencing steady growth. The median house price in the area is $500,000, with a year-over-year increase of 3.5%. This suggests a stable and appreciating housing market. Similarly, apartments are also seeing growth, albeit at a slightly slower pace, with a median price of $300,000 and an annual appreciation of 2.1%.
Coaldale’s population has grown to 15,000 residents, reflecting a significant population growth rate of 7.1%. This increase in population is likely contributing to the demand for housing and could be a driving force behind the steady appreciation in property values.
Investment Opportunities and Potential
The consistent growth in property values indicates a healthy investment opportunity for those looking to enter the Coaldale real estate market. The upward trend in house prices coupled with the strong population growth presents potential for both long-term capital gains and rental income prospects for investors.
Considering the lower median price point for apartments, investors may find these properties particularly attractive due to their affordability and appeal to smaller households or professionals. The slower appreciation rate of apartments compared to houses suggests that there may be room for growth, providing an enticing entry point for investors.
Future Market Outlook
The future outlook for Coaldale’s real estate market appears positive. Given the solid historical growth trends and ongoing population increase, it is reasonable to anticipate continued demand for housing in the region. If these trends persist, Coaldale could maintain its path of steady appreciation in property values.
However, as with any investment, it is essential to monitor local economic factors, employment rates, and provincial housing regulations as they can impact market conditions. Investors should also consider diversifying their portfolios across different property types and locations within Coaldale to mitigate risks associated with market fluctuations.
In conclusion, Coaldale presents itself as an attractive option for those seeking stable investment opportunities in the Canadian real estate market. With current data pointing towards ongoing growth and development within the town, Coaldale remains an area worth watching closely for both experienced investors and those new to real estate investments.