Dalroy, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.8% |
Stock on market | 1.0% |
Apartment
Median price | $295,000 |
Monthly growth | 0.7% |
Quarterly trend | 1.5% |
Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $485,000 |
4 bedrooms | $575,000 |
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 | 6,200 |
Occupied Private Dwellings | 5,600 |
Population Density (per km²) | 1.4 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dalroy, Alberta is currently experiencing moderate growth. The median house price in the area is $485,000, which reflects a year-over-year increase of 2.8%. This indicates a steady market with potential for continued growth. Similarly, the median apartment price has seen a rise to $295,000, growing at a slightly slower pace of 1.5% over the past year.
With a population of 15,000 and an impressive growth rate of 3.4%, Dalroy is on an upward trajectory that may contribute to increased demand for housing in the near future. The consistent population increase suggests a strengthening local economy and could be indicative of a burgeoning demand for residential properties.
Investment Opportunities and Potential
Gauging by the market trends and demographic data, investment opportunities in Dalroy appear promising. Investors might find the single-family home segment particularly attractive due to its higher growth rate. As the population continues to expand, there will likely be a proportional need for more housing, which can drive prices up further.
The apartment sector, while growing at a slower pace, still presents potential for investors looking for long-term holdings or rental properties. Given that apartments are more affordable than houses, they might cater to newcomers or those with moderate incomes, potentially ensuring consistent rental demand.
Future Market Outlook
The outlook for Dalroy’s real estate market remains optimistic based on current trends and demographic shifts. Assuming the population continues to grow at its current rate or higher, we can anticipate ongoing demand for both houses and apartments. Additionally, if local economic conditions remain favorable or improve, there could be an acceleration in housing price appreciation.
However, it’s important for investors to remain vigilant about external economic factors such as interest rates and employment levels that could impact buyer affordability and subsequently influence market dynamics.
Overall, Dalroy presents as a stable market with room for growth. Stakeholders should continue monitoring key indicators closely but may find confidence in the town’s steady population increase and rising property values as positive signs for real estate investment.