Didsbury, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $499,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| 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 | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| 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 Didsbury, Alberta is currently experiencing steady growth. With a median house price of $499,000 and a positive trend of 4.2% year-over-year growth, the housing sector is displaying robust health. The median apartment price stands at $295,000, which has also seen an increase, albeit at a slightly lower rate of 2.5% year-over-year. This indicates a more conservative but stable performance in the apartment segment.
The local population has witnessed a significant increase with a growth rate of 3.4%, which may be contributing to the demand in the housing market. This demographic trend suggests that Didsbury is becoming an increasingly attractive place to live, thus putting upward pressure on property values as demand grows.
Investment Opportunities and Potential
Given the current market trends and population growth, Didsbury presents various investment opportunities. The steady appreciation in house prices indicates a healthy demand for single-family homes. These properties not only serve as excellent assets for long-term capital gains but also provide potential for rental income streams.
Apartments, on the other hand, offer a more accessible entry point into real estate investment given their lower median price compared to houses. With a consistent appreciation trend of 2.5% year-over-year, apartments could appeal to investors looking for lower-risk investments with stable returns.
The town’s growing population is likely to continue driving demand for both rental and owner-occupied properties. Investors should consider both current market conditions and demographic trends when evaluating the long-term potential of real estate investments in Didsbury.
Future Market Outlook
The future real estate market outlook for Didsbury appears promising based on current data and trends. The continued population growth should sustain demand for housing in both the private sale and rental markets. If these demographic trends continue alongside economic stability within the region, it is reasonable to anticipate ongoing appreciation in property values.
However, investors should remain cognizant of broader economic factors that could impact the real estate market such as interest rates, employment rates, and regional economic policies. Staying informed on these aspects will be crucial for making well-rounded investment decisions in Didsbury’s real estate landscape moving forward.
