Delburne, 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
Current Market Conditions and Trends
The real estate market in Delburne, Alberta is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the housing sector shows consistent appreciation. Similarly, the median apartment price is set at $300,000 with a slightly lower annual growth rate of 2.1%. These figures indicate a healthy demand for both houses and apartments in the area.
Delburne’s population has grown by 7.1%, suggesting an influx of residents contributing to the increasing demand for housing. This demographic expansion can be tied to various factors such as job opportunities, quality of life, and the township’s amenities. The growth rate also implies potential strain on existing housing stock, thereby presenting opportunities for developers and investors to cater to the expanding population’s needs.
Investment Opportunities and Potential
The robust population growth paired with consistent property value appreciation suggests that Delburne is ripe for real estate investment. Investors might consider engaging in long-term buy-and-hold strategies, particularly in residential properties, given the solid upward trend in housing prices.
New development projects could be highly lucrative, especially if they align with the preferences of incoming residents. For example, investments in family-sized homes or apartments tailored to young professionals could meet the burgeoning demand.
Apart from direct property investment, there are opportunities in ancillary services such as property management, renovation services, and real estate marketing, all of which will likely see increased demand as the local real estate market expands.
Future Market Outlook
The future outlook for Delburne’s real estate market remains optimistic. The consistent increase in property values indicates a stable investment climate likely to persist as long as the population continues to grow at its current pace or higher.
In light of present trends, it is reasonable to anticipate that Delburne will maintain its appeal to both residents and investors alike. Government policies and infrastructure developments will be key factors in sustaining this growth trajectory. Moreover, stakeholders should monitor economic indicators and be ready to adapt to any shifts that might impact interest rates or employment rates since these can have significant effects on housing affordability and market dynamics.
In conclusion, Delburne presents an attractive opportunity for those looking to invest in a growing Canadian real estate market. However, like any investment decision, thorough due diligence and continuous monitoring of market conditions are advised.
