Derwent, 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 Derwent, Alberta, currently presents a stable environment with consistent growth. The median house price stands at $500,000, witnessing a 3.5% year-over-year increase. Meanwhile, the median apartment price is at a more accessible point of $300,000, with a slower but steady appreciation rate of 2.1% year-over-year. These statistics suggest that the market is experiencing healthy growth, which can be attributed to various factors such as the local economy, interest rates, and demand.
2. Investment Opportunities and Potential
For investors considering Derwent’s real estate market, the current conditions indicate potential for both short-term gains through property appreciation and long-term investment stability. With a population growth of 7.1%, which is considerably high, there is likely to be sustained demand for housing. This demographic trend can drive rental markets and support resale value over time. Additionally, the steady increase in property values suggests that purchasing real estate in Derwent could yield profitable returns for investors who are focused on capital gains.
3. Future Market Outlook
The future outlook for Derwent’s real estate market appears optimistic due to ongoing population growth and economic stability within the region. Assuming that current trends continue, both the housing and apartment markets are poised for gradual appreciation. This implies that homeownership remains an attractive option for residents and investors alike. However, it is essential to consider external economic factors and monitor any changes in local policies or industry developments that may influence the market dynamics.
