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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) 6.0
Land Area (km²) 2,500.5

Market Analysis





Delacour, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Delacour, Alberta is currently experiencing a period of steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is demonstrating resilience and a positive trend in property values. Similarly, the median apartment price stands at $300,000, showing a slightly lower but still consistent year-over-year growth of 2.1%. This suggests a balanced market that is favorable to both buyers and sellers.

The population of Delacour has reached 15,000 residents, with an impressive growth rate of 7.1%. Such demographic expansion is a strong indicator of the town’s rising demand for housing and suggests a vibrant local economy that could be attracting new residents for employment opportunities or lifestyle changes.

Investment Opportunities and Potential

Investors would find Delacour an attractive option due to the town’s solid population growth and consistent increase in property values. The current trends indicate that investing in residential properties could yield profitable returns over time. Particularly, single-family homes with the median price at half a million dollars are likely to benefit from the increasing demand as the town grows.

The apartment sector also shows potential with steady price appreciation. Investors looking to enter the rental market might consider this segment due to its accessibility and appeal to smaller households or individuals moving to Delacour for work or study.

Future Market Outlook

The future outlook for Delacour’s real estate market remains optimistic based on current data. If the current trends hold—with property prices steadily increasing and population growth continuing—there is potential for sustained market strength over the next few years. The town’s economic conditions will play a crucial role in maintaining this trajectory; thus, investors and homeowners alike should keep an eye on local economic indicators such as employment rates, infrastructure development, and any policy changes affecting real estate.

However, it’s important for stakeholders to conduct thorough due diligence and consider macroeconomic factors that can influence real estate markets, such as interest rates changes by the Bank of Canada, national housing policies, and global economic shifts which could affect local market dynamics.