Delburne, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.4% |
Quarterly trend | 4.2% |
Stock on market | 0.6% |
Apartment
Median price | $295,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $320,000 |
3 bedrooms | $400,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,800 |
Population Change | 2.7% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Delburne, Alberta is currently experiencing a period of steady growth. With a median house price of $485,000, the market has seen a year-over-year increase of 4.2%. This indicates a healthy demand for single-family homes in the area. The median apartment price stands at $295,000, with a slower but consistent growth trend of 2.5% year-over-year. This suggests that while apartments are gaining value, the demand for them is not as robust as for houses.
The population of Delburne has grown to 15,200, marking a growth rate of 2.7%. This demographic trend can be partially attributed to new residents seeking more affordable housing options outside major urban centers. The influx of people may also be driving the demand for housing, contributing to the steady rise in property values.
Investment Opportunities and Potential
The current growth trends provide promising investment opportunities in Delburne’s real estate market. Investors might consider purchasing residential properties to capitalize on the continuous appreciation in home values. Single-family homes, in particular, have shown stronger value gains and may offer better long-term growth potential.
In addition to purchasing properties outright, there could be potential in developing or renovating existing properties, given the population growth and increasing demand for modernized living spaces. Investors should also note the stable increase in apartment values, which could suggest opportunities in multi-family dwellings or rental properties catering to those seeking more affordable living arrangements.
Future Market Outlook
The future outlook for Delburne’s real estate market remains positive. Assuming the current economic conditions persist and population growth continues at its current pace or accelerates, it is reasonable to anticipate ongoing increases in property values. The market’s performance indicates resilience and an underlying strength that may continue to attract buyers and investors alike.
However, potential investors should stay informed about local economic developments, any changes in migration patterns or employment rates, and interest rate trends that could affect affordability and mortgage rates. While the present data paints an optimistic picture, real estate markets can be influenced by numerous external factors that require careful monitoring.