Consort, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Consort, Alberta, the real estate market is exhibiting stable growth, with the median house price currently standing at $485,000, marking a year-over-year increase of 3%. This increment is indicative of a consistent demand for housing in the area. The median apartment price has also seen a rise, albeit at a slightly slower pace, now at $295,000 which is up by 2% from the previous year. This suggests that while single-family homes are in higher demand, apartments are also gaining value albeit more modestly.
Investment Opportunities and Potential
The consistent growth in housing prices in Consort points to healthy investment opportunities within the real estate market. With the population growing at a robust rate of 4.8%, there is potential for increased demand for housing units in the near future. Investors can expect potential capital appreciation given the current upward trends in both house and apartment prices. Rental properties could also be lucrative due to population growth, as new residents may look for temporary accommodation before purchasing homes.
Future Market Outlook
The future market outlook for Consort is optimistic. The strong population growth paired with positive pricing trends suggests that demand for residential real estate will continue to rise. Barring any unforeseen economic events or policy changes that might affect the housing market, both investors and homebuyers can expect a progressive market environment. It is advisable for stakeholders to monitor local economic drivers and stay informed about municipal developments that could impact property values going forward.
