Darwell, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
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
1. Current Market Conditions and Trends
The real estate market in Darwell, Alberta is currently experiencing a period of moderate growth. With the median house price sitting at $495,000, the market has seen a year-over-year increase of 4%. This indicates a steady demand for housing in the area. The apartment sector is also growing, albeit at a slightly lower rate, with median prices around $295,000 and a 1.9% year-over-year uptick. This could suggest that while the market is healthy, houses are in higher demand compared to apartments.
Alongside property value increases, Darwell’s population has witnessed a significant rise of 3.3%. This demographic growth can be attributed to both natural growth and migration as individuals and families are attracted to the region for its economic opportunities and quality of life. The influx of new residents is likely contributing to the sustained demand for housing, thus supporting the observed price trends.
2. Investment Opportunities and Potential
Given the current trends, Darwell offers promising investment opportunities particularly in residential real estate. The consistent increase in housing prices suggests that investments made now could yield substantial returns as the market continues to grow. The higher appreciation rate for houses compared to apartments may attract investors looking for properties with greater capital gains potential.
Furthermore, Darwell’s growing population provides an additional incentive for real estate investment. With more people moving into the area, there is likely to be a continued demand for rentals and property purchases. Investors may also explore developing new housing projects or renovating existing properties to take advantage of the expanding market.
3. Future Market Outlook
The future outlook for Darwell’s real estate market remains positive. Assuming current conditions persist—such as economic stability and favorable migration patterns—the market is expected to maintain its upward trajectory. Continued population growth should further bolster housing demand, potentially leading to an even more robust appreciation in property values.
However, it’s important for investors to monitor external factors such as interest rates, employment rates in key industries within Alberta, and possible changes in government housing policies that could affect affordability and investment attractiveness.
In conclusion, Darwell represents a stable and growing real estate market with considerable potential for savvy investors who are willing to capitalize on current trends and project future demands based on demographic shifts and overall economic health.
