Fleet, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Fleet, Alberta is currently characterized by steady growth. The median house price in the area is $500,000, with a year-over-year increase of 3.5%. This indicates a healthy upward trend in property values for single-family homes. Similarly, the median apartment price stands at $300,000, showing a more modest but still positive trend with a 2.1% rise year-over-year.
The population of Fleet has reached 15,000 residents and is growing at an impressive rate of 7.1%. This substantial population growth suggests an increasing demand for housing which could continue to put upward pressure on property prices.
Investment Opportunities and Potential
Fleet’s real estate market presents attractive investment opportunities. Given the consistent rise in median house and apartment prices, investors can anticipate continued capital appreciation in the coming years. The robust population growth further enhances the town’s investment appeal, as it points to a growing tenant base for rental properties.
Investors may also find potential in developing or investing in properties that cater to the growing demographic, such as family-friendly homes or apartments suited for young professionals. The current trends suggest that there is a substantial market for both buying-and-holding residential properties and developing housing to meet the increased demand.
Future Market Outlook
Looking ahead, Fleet’s real estate market appears poised for sustained growth. The consistent upward trajectory of house and apartment prices combined with significant population increases lays a solid foundation for an optimistic market outlook.
If the current trends persist, investors can reasonably expect ongoing appreciation in property values and rental rates. It will be crucial to monitor factors such as local economic development initiatives, infrastructure improvements, and job market conditions as they can have significant impacts on the future real estate landscape of Fleet.
In conclusion, Fleet’s real estate market shows promising signs for stability and growth making it an appealing destination for both homebuyers and investors alike.
