Dalemead, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.3% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
Apartment
Median price | $315,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $480,000 |
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
The real estate market in Dalemead, Alberta currently presents stable growth as indicated by the median house price of $525,000, which has experienced a year-over-year increase of 4%. This steady increment is a positive sign for homeowners and investors alike, suggesting a growing market. Similarly, the median apartment price is pegged at $315,000, with a slightly lower year-over-year growth rate of 2.5%. The differential in growth rates between houses and apartments may reflect a stronger demand for single-family homes.
With a population of 15,500 that has grown by 3.3%, Dalemead is experiencing demographic expansion that could further fuel demand in the housing market. This population increase suggests that the town is attracting new residents, likely due to economic opportunities or lifestyle preferences, which could lead to sustained or increased demand for housing.
Investment Opportunities and Potential
The current trends indicate healthy investment opportunities within Dalemead’s real estate market. The consistent appreciation in housing prices reflects confidence and growth potential. Investors considering entry into this market can expect capital gains over time, especially in the single-family home sector given its higher growth rate.
Apartments offer a more affordable entry point for investors and may appeal to those looking to capitalize on rental income potential. As the population continues to rise, demand for rental properties could increase, potentially pushing rental yields higher. Furthermore, investors might also anticipate long-term value appreciation in both housing types due to steady market growth.
Future Market Outlook
The future outlook for Dalemead’s real estate market appears optimistic. Assuming the continuation of current trends like population growth and economic stability, we can anticipate ongoing demand for housing which should support further price increases. However, potential investors should monitor local economic drivers and stay aware of any policy changes that could impact the real estate sector.
The sustained increase in population underpins the need for additional residential development, ensuring that demand for new construction will likely remain robust. This demographic trend coupled with the current pace of price appreciation suggests a favorable environment for both short-term and long-term real estate investments in Dalemead.