Delacour, 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 Delacour, Alberta currently presents a stable growth environment with median house prices sitting at $500,000, which marks a year-over-year increase of 3.5%. This increment is indicative of a healthy demand for housing in the region, with the market showing resilience and consistent appreciation. Similarly, median apartment prices have seen a rise to $300,000, growing at a slightly more modest rate of 2.1% year-over-year.
The population in Delacour has exhibited robust growth with a 7.1% increase, suggesting an inflow of residents and potential homebuyers or renters into the area. This demographic trend can be attributed to various factors such as employment opportunities, quality of living, or infrastructural developments attracting people to the community.
2. Investment Opportunities and Potential
The ongoing demand for housing combined with the steady price appreciation presents attractive investment opportunities in Delacour’s real estate market. Investors looking into residential properties will find the single-family housing sector promising due to its higher annual growth rate. As the population continues to grow, rental properties may also become increasingly lucrative, catering to new residents who have not yet purchased homes.
Moreover, given that apartment prices are rising albeit at a slower pace compared to houses suggests there is potential for investment in multi-family units as well which can provide lower entry points and scalability for investors aiming to build a portfolio.
3. Future Market Outlook
The future market outlook for Delacour remains optimistic. With a strong population growth rate that surpasses many other regions, there is an expectation of sustained demand for housing. Assuming the local economy remains stable and supportive policies are maintained or introduced, these conditions should underpin continued property value appreciation.
However, investors should remain vigilant regarding interest rates and economic factors that might affect affordability and borrowing costs. The data indicates a balanced growth trajectory but staying informed on broader economic indicators will be crucial for making strategic investment decisions in this market.
