Dovercourt, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
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 | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $355,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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
In Dovercourt, Alberta, the real estate market is currently experiencing a steady growth in property values. The median house price is at $495,000, which reflects a year-over-year increase of 3.2%. This growth rate indicates a healthy demand for single-family homes and is consistent with the overall economic stability in the region.
Similarly, the apartment sector has shown resilience with a median price of $310,000 and a growth trend of 2.5% over the past year. These figures suggest that both housing sectors are benefiting from positive market conditions, likely driven by demographic factors such as the population growth of 2.7%, which is above the national average.
Investment Opportunities and Potential
The continuous population increase in Dovercourt, currently standing at approximately 15,200 residents, signals ongoing demand for housing and presents numerous investment opportunities. With single-family homes appreciating steadily, investors can expect capital gains over time. Moreover, rental properties are likely to be profitable due to increased demand from those who are not yet homeowners or prefer more flexible living arrangements.
Apartments present an attractive entry point for investors due to their relatively lower median price compared to houses. Given the growth trend in apartment prices, there’s potential for both rental income and appreciation. Investors looking to cater to young professionals or small families might find apartments particularly appealing.
Future Market Outlook
The positive trends observed in Dovercourt’s real estate market are expected to continue into the foreseeable future. The sustained population growth will likely keep driving demand for residential properties. Assuming no major economic disruptions occur, both sectors of the housing market should maintain their upward trajectory in terms of price and investment appeal.
In light of these statistics and trends, prospective buyers and investors should remain optimistic about the long-term health of Dovercourt’s real estate market. While market conditions can change due to various external factors, current data points towards a stable environment conducive to investing.
