Dogpound, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dogpound, Alberta, is currently experiencing steady growth. With the median house price sitting at $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. Similarly, apartment prices are following an upward trend with a median value of $300,000 and a growth rate of 2.1% year-over-year. The population of Dogpound has reached 15,000, with an impressive growth rate of 7.1%, indicative of an expanding community that could further stimulate housing demand.
Investment Opportunities and Potential
The positive trends in population growth and property value appreciation suggest that Dogpound presents attractive opportunities for real estate investment. The consistent rise in house and apartment prices indicates a stable market where investments have the potential for solid returns over time. Investors considering entry into the Dogpound real estate market should be aware of the current momentum in residential properties and the possibility for continued demand due to population influx.
Future Market Outlook
The outlook for the Dogpound real estate market remains optimistic. The combination of sustained population growth at 7.1% and stable price increases for both houses and apartments suggests that the demand for housing will continue to support property values. Barring any unforeseen economic shifts or policy changes, investors can reasonably expect ongoing appreciation in real estate assets within this region.
