Dalroy, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 1.0% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $580,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $330,000 |
3 bedrooms | $420,000 |
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 Dalroy, Alberta, is currently experiencing moderate growth with a year-over-year increase of 4% in median house prices, now standing at $485,000. Apartments are also seeing a positive trend with a 2.5% year-over-year growth, and a current median price of $295,000. The population in Dalroy is on the rise, with a growth rate of 3.3%, reflecting the increasing demand for housing in the area.
Investment Opportunities and Potential
The steady growth in property values coupled with the significant population increase suggests robust investment opportunities in Dalroy’s real estate market. The appreciation rates for both houses and apartments indicate a healthy market that is likely to provide good returns on investment. However, investors should note that while houses have shown a stronger appreciation trend compared to apartments, the lower entry cost for apartments may appeal to those seeking more affordable investment options or aiming to cater to rental markets.
Future Market Outlook
Looking forward, Dalroy’s real estate market appears poised for continued growth. The consistent upward trend in property values, along with demographic indicators such as population growth, suggest that demand will remain strong. This could lead to sustained or possibly increased rates of appreciation for both houses and apartments over the coming years.
Investors and potential homeowners should monitor local economic factors and infrastructure developments which could further impact the future market dynamics. As always, due diligence is recommended when entering any real estate market.