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Dimsdale, Alberta Real Estate Market Data

Updated: Nov 2024

House

Median price $505,000
Monthly growth 1.3%
Quarterly trend 3.8%
Stock on market 0.7%

Apartment

Median price $310,000
Monthly growth 1.0%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $505,000
4 bedrooms $620,000

Apartments

Bedrooms Median Price
1 bedrooms $255,000
2 bedrooms $360,000
3 bedrooms $460,000

Demographics

Current Population (2024) 15,300
Previous Population (2019) 15,000
Population Change 2.0%
Total Private Dwellings 6,100
Occupied Private Dwellings 5,700
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis






Dimsdale, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The Dimsdale real estate market is currently experiencing a period of moderate growth. With a year-over-year increase in median house prices by 3.8%, the market shows healthy appreciation, settling at a median house price of $505,000. Similarly, the apartment sector has seen a positive trend, with a 2.5% rise from the previous year, bringing the median apartment price to $310,000.

This growth aligns with the steady population increase of 2% in Dimsdale, which now boasts a population of 15,300 residents. The demand for housing continues to rise as more individuals and families are attracted to the area’s offerings.

The current market conditions indicate a seller’s market, where demand outpaces supply. This has led to competitive pricing and quick sales cycles for properties in good locations and condition. However, buyers are also finding value as interest rates remain relatively low and lending conditions favorable.

Investment Opportunities and Potential

Investors considering Dimsdale will find various opportunities due to its growing economy and population. The consistent rise in property values suggests that there is potential for capital gains in both the residential and apartment sectors.

Residential properties, particularly single-family homes, are attractive given their higher appreciation rate. Investments in this segment could yield significant returns as the town continues to grow and attract new residents seeking family-friendly living environments.

Apartments offer an alternative investment with slightly lower appreciation but potentially higher rental yields due to demand from young professionals and smaller households. The stable increase in apartment prices also offers opportunities for investors looking for long-term growth with less volatility.

Beyond direct property investment, there is potential in development projects catering to new housing needs or refurbishing existing properties to capitalize on the rising market standards.

Future Market Outlook

The outlook for Dimsdale’s real estate market remains optimistic. As the population grows and attracts more businesses and services to the area, it is likely that both residential and apartment markets will continue to see an upward trajectory.

Assuming no significant changes in economic conditions or unforeseen global events impacting real estate markets broadly, we can expect continued growth albeit potentially at a more conservative rate than seen in previous years. Investors can look forward to sustained appreciation of property values driven by ongoing demand.

However, investors should monitor interest rates and lending policies closely as changes could affect buyer affordability and consequently impact market dynamics. Overall, Dimsdale presents a promising landscape for real estate investment with anticipated positive returns over the medium to long term.