Dalemead, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.3% |
Quarterly trend | 3.8% |
Stock on market | 0.7% |
Apartment
Median price | $310,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $495,000 |
4 bedrooms | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $355,000 |
3 bedrooms | $465,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
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 Dalemead, Alberta, the real estate market is experiencing steady growth. The median house price stands at $495,000, marking a 3.8% increase year-over-year. This suggests a healthy demand for housing in the area, with prices trending upwards at a moderate pace. Similarly, the median apartment price has seen a 2.5% growth year-over-year, currently priced at $310,000. This consistent growth in both sectors of the market indicates balanced conditions that are favorable to both buyers and sellers.
Investment Opportunities and Potential
The real estate market in Dalemead presents several investment opportunities. The steady increase in property values suggests potential for capital gains over time. The housing sector’s 3.8% growth coupled with the apartment sector’s 2.5% rise indicates that investments could benefit from appreciation in both types of properties.
Moreover, the population of Dalemead has grown by 3.3%, now totaling 15,500 residents. This population growth can lead to increased demand for housing, which may result in higher occupancy rates for rental properties and potentially greater rental income for investors.
Future Market Outlook
The future outlook for Dalemead’s real estate market remains positive based on current trends and demographic indicators. Continued population growth at a rate of 3.3% supports the expectation of sustained demand for housing. Assuming economic conditions remain favorable and no significant changes disrupt local or national markets, both homebuyers and investors can expect ongoing stability with the possibility of continued moderate price appreciation.
Careful monitoring of economic factors such as employment rates, interest rates, and regional development will be essential to assess any shifts that could influence the local real estate market dynamics. However, based on the current data and trends observed, Dalemead’s real estate market is positioned well for the near future.