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Consort, Alberta Real Estate Market Data

Updated: Nov 2024

House

Median price $487,000
Monthly growth 1.1%
Quarterly trend 2.8%
Stock on market 0.7%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 1.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $487,000
4 bedrooms $590,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $340,000
3 bedrooms $420,000

Demographics

Current Population (2025) 15,000
Previous Population (2020) 14,500
Population Change 3.4%
Total Private Dwellings 6,000
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis






Consort, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Consort, Alberta is currently experiencing a steady increase in housing prices. With the median house price standing at $487,000, there has been a year-over-year growth of 2.8%. Similarly, the apartment sector shows resilience with a modest growth rate of 1.5% year-over-year, bringing the median apartment price to $295,000. These trends indicate a healthy market that is steadily appreciating in value.

The population of Consort has also been growing at a rate of 3.4%, which suggests an increasing demand for housing in the area. This growing population could be a driving force behind the consistent appreciation in property values.

Investment Opportunities and Potential

Given the current market conditions, Consort presents several attractive investment opportunities. The consistent rise in property values indicates a robust market with potential for capital gains over time. Investors looking to purchase residential properties may find single-family homes particularly appealing due to their higher appreciation rate compared to apartments.

Apartments, with a lower median price point of $295,000, offer an accessible entry into the real estate market for both investors and first-time home buyers. While their appreciation rate is slightly lower at 1.5% year-over-year, they could provide a steady income stream through rental yields given Consort’s growing population and demand for housing.

Future Market Outlook

The future outlook for Consort’s real estate market appears optimistic. Continued population growth should support ongoing demand for housing, which could lead to sustained or even increased rates of property value appreciation. Additionally, as economic conditions evolve and if interest rates remain favorable, there is potential for further stimulation of the housing market.

In conclusion, Consort represents a stable and growing market with promising opportunities for long-term investment. Careful analysis of individual property types and locations within Consort will be crucial for maximizing investment returns while mitigating risks.