Debolt, 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 (2025) | 15,000 |
| Previous Population (2020) | 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
1. Current Market Conditions and Trends
The real estate market in Debolt, Alberta is currently experiencing a stable growth pattern. With a median house price of $500,000, the market has seen a reasonable increase of 3.5% year-over-year. This suggests a healthy demand for single-family homes in the area. The median apartment price, sitting at $300,000, has also witnessed growth, albeit at a more modest rate of 2.1% year-over-year.
This steady growth aligns with the overarching trend in Debolt’s demographic expansion, evidenced by a significant population growth rate of 7.1%. The corresponding demand for housing is likely contributing to the upward pressure on property values across both housing types.
2. Investment Opportunities and Potential
The continuous population increase, which now stands at approximately 15,000 residents, presents numerous investment opportunities within Debolt’s real estate market. The consistent appreciation in property values indicates that investments in residential real estate are poised to benefit from capital gains over the medium to long term.
Focusing on diversified real estate portfolios could be particularly strategic; targeting both single-family homes and apartments could mitigate risk while leveraging the growth seen across different housing sectors. Additionally, given the upward trajectory of prices, rental properties hold potential for steady yield returns as the community continues to attract new residents.
3. Future Market Outlook
The outlook for Debolt’s real estate market remains optimistic based on current trends and demographic indicators. Assuming continued economic stability and population growth patterns, property values are expected to maintain their upward trajectory.
The robust population growth rate suggests that demand for housing will persist, potentially leading to tighter inventory levels and further price increases unless new construction keeps pace with demand. Investors looking to enter the market or expand their existing portfolios should consider acting while the market conditions remain favourable.
In conclusion, Debolt’s real estate market appears resilient with multiple indicators pointing towards ongoing growth and investment potential. However, as with any investment, it is crucial to stay informed about local market fluctuations and broader economic factors that may impact future trends.
