Dimsdale, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,150 |
| Previous Population (2020) | 14,000 |
| Population Change | 10.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Dimsdale, Alberta, the real estate market is currently experiencing a steady growth in property values. The median house price in the region stands at $495,000, with a positive trend of 3.2% year-over-year. This indicates a healthy and appreciating housing market. Meanwhile, the median apartment price is slightly lower at $295,000, with a more modest growth rate of 1.9% year-over-year. This difference in growth rates suggests that houses are in higher demand compared to apartments.
The local population has seen a significant increase of 10.7%, now totaling 15,150 residents. This demographic expansion could be contributing to the growing demand for housing, thus pushing property values upward.
Investment Opportunities and Potential
Investors looking at Dimsdale’s real estate market may find substantial opportunities due to the area’s population growth and increasing property values. Single-family homes present a particularly attractive investment due to their higher appreciation rate. With a consistent rise in house prices outpacing those of apartments, investing in residential properties could yield notable returns over time.
Apartments also offer investment potential, especially for those targeting rental income streams. The slower appreciation rate might be counterbalanced by the demand for affordable rental options among new residents or those unable to enter the housing market as buyers.
Future Market Outlook
The future outlook for Dimsdale’s real estate market remains optimistic given current trends and underlying fundamentals. The robust population growth serves as a strong indicator that housing demand will continue to rise. As more people move to Dimsdale seeking employment or lifestyle changes, this influx is expected to maintain upward pressure on both housing prices and rental rates.
However, potential investors and homebuyers should keep an eye on economic factors such as employment rates and interest rates that might affect affordability and borrowing costs. Local development plans and infrastructure projects can also have significant impacts on future property values in specific neighborhoods or the city as a whole.
Overall, if current trends persist, Dimsdale’s real estate market is poised for continued growth, making it an attractive option for both residential buyers and real estate investors.
