Dogpound, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| 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 | $495,000 |
| 4 bedrooms | $615,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| 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 Dogpound, Alberta is currently experiencing moderate growth. With a median house price of $495,000, the market has seen a year-over-year increase of 3.8%. This indicates a stable and growing demand for housing in the area. Similarly, the median apartment price stands at $310,000, reflecting a slightly lower year-over-year growth rate of 2.5%. This slower growth rate in apartment prices suggests that houses may be more sought after in this market, potentially due to a preference for more space or single-family dwellings.
Investment Opportunities and Potential
The investment potential in Dogpound appears promising given the steady population growth rate of 3.4% and the ongoing appreciation of residential properties. Investors looking to buy property could benefit from both rental income and capital gains over time. The current trends suggest that investing in houses could offer a higher return on investment due to their stronger price appreciation. However, apartments might appeal to investors seeking a lower entry point into the market while still providing a consistent yield through renting to individuals or smaller households.
Future Market Outlook
Looking towards the future, Dogpound’s real estate market is poised for continued growth. The solid population increase suggests sustained demand for housing which could drive further price appreciation. Assuming no major economic disruptions occur, both the house and apartment markets should maintain their upward trajectory albeit possibly at different paces. Investors and potential homebuyers can view these trends as indicative of a reliable market with ongoing opportunities for investment and homeownership.
