Dapp, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Dapp, Alberta
As of the current assessment, the real estate market in Dapp, Alberta, exhibits stable growth. With a median house price of $500,000 and a positive year-over-year increase of 3.5%, the residential sector shows healthy appreciation. This trend suggests a sustained demand for housing in the area, likely propelled by the notable population growth of 7.1%. Apartments in Dapp are also on an upward trajectory, albeit at a slightly more modest pace, with median prices at $300,000 and growing at 2.1% annually. The consistent appreciation in property values indicates robust market conditions that are conducive to both homeownership and investment.
Investment Opportunities and Potential in Dapp, Alberta
The steady rise in property values coupled with substantial population growth presents significant investment opportunities in Dapp. The data signals potential for long-term capital gains for investors looking to enter the market or expand their portfolio within the region. Given the current trends, single-family homes show a higher appreciation rate and might offer more attractive returns on investment. However, apartments could be an excellent choice for those seeking lower entry points into real estate investing or catering to individuals who prefer smaller living spaces. As the population continues to expand, demand for varied types of housing is expected to increase, which could further enhance rental market prospects.
Future Market Outlook for Dapp, Alberta
Looking forward to the future market outlook for Dapp, Alberta, several indicators suggest continued growth and stability. The persistent population increase is a strong driver that may lead to sustained demand for residential properties. If current trends hold, both house and apartment prices are projected to continue their upward movement, albeit at a measured pace. Investors and homebuyers can be cautiously optimistic about entering the Dapp real estate market as it demonstrates resilience and potential for ongoing appreciation. Nevertheless, market dynamics can change due to various economic factors; hence it’s advisable to stay informed about local and national economic developments that could impact future property values.
