Darwell, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Darwell, Alberta, is currently experiencing a steady growth pattern. With a median house price of $490,000, the year-over-year price trend shows an increase of 3.3%. This suggests a stable growth trajectory that is attractive to both homeowners and investors. The median apartment price stands at $295,000, also showing an upward trend with a 2% increase over the past year. These positive trends indicate healthy demand and consumer confidence in the housing market.
Investment Opportunities and Potential
Darwell’s real estate market is ripe with investment opportunities. The consistent growth in property values, particularly the 3.3% increase in house prices and 2% increase in apartment prices, points to potential for capital gains over time. Moreover, with a population of 15,000 that has grown by 3.4%, there is a clear indication of demographic expansion which could drive further demand for housing. Investors may find particular potential in the single-family home segment given its more robust growth rate compared to apartments.
Future Market Outlook
Looking forward, the Darwell real estate market shows promising signs for continued growth. The sustained increase in property values coupled with strong population growth suggests that demand for housing will remain healthy. This bodes well for both short-term investors looking for flips and long-term investors focusing on rental income or appreciation. However, as with any investment, it is crucial to keep a close watch on economic indicators and local developments that could affect market dynamics.
