Entwistle, 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 Entwistle, Alberta is currently characterized by a steady increase in property values. With the median house price at $500,000 and experiencing a year-over-year growth of 3.5%, the market showcases a healthy demand for residential properties. Similarly, the median apartment price stands at $300,000 with a more modest growth trend of 2.1% year-over-year. This growth is supported by an expanding population, which has risen by 7.1%, reflecting both natural growth and migration into the town.
Investment Opportunities and Potential
The positive trajectory of property values coupled with substantial population growth presents significant investment opportunities in Entwistle’s real estate market. Investors can potentially benefit from capital gains given the current appreciation trends in both houses and apartments. The relatively high year-over-year price increases for houses suggest a strong market for single-family homes, which could be particularly appealing for investors looking to engage in buy-and-hold strategies or those considering entering the rental market to cater to the growing population that may not yet be ready to purchase their own homes.
Future Market Outlook
Looking ahead, the future market outlook for Entwistle remains optimistic based on current trends and data. The consistent increase in property values indicates a robust demand that is likely to persist as the population continues to grow. Moreover, if the population growth maintains its current pace or accelerates due to economic opportunities or lifestyle factors attracting more residents, it will further solidify the need for additional housing and could push property prices higher over time. However, investors and potential homebuyers should monitor key economic indicators and any local developments that could influence supply and demand dynamics within the Entwistle real estate market.
