Didsbury, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| 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 | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,000 |
| 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 Didsbury, Alberta is experiencing steady growth with the median house price currently standing at $485,000, marking a 3.2% increase year-over-year. This suggests a healthy demand for housing in the area, likely driven by Didsbury’s growing population, which has seen a 4.8% increase. The median apartment price has also risen to $290,000, following a 2.5% year-over-year upward trend. This growth in both sectors of the housing market indicates balanced conditions with consistent appreciation rates that are attractive to homeowners and investors alike.
Investment Opportunities and Potential
Didsbury’s real estate market presents several investment opportunities. The continuous growth in property values coupled with the area’s significant population increase suggests a rising demand for housing. Investors can expect capital gains over the long term due to the steady appreciation of property values. Additionally, the differential in price growth between houses and apartments can be seen as an opportunity to diversify investments within the local real estate market, catering to different segments of the market.
Future Market Outlook
The future outlook for Didsbury’s real estate market appears positive. Given the current trends of moderate but stable price increases and robust population growth, it is reasonable to anticipate ongoing demand for housing. This should continue to drive property values upward at a measured pace. Factors such as local economic development, interest rates, and national economic conditions will influence the exact trajectory of the market; however, current indicators point towards a healthy market outlook for Didsbury.
