Goodwin, 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 Goodwin, Alberta is experiencing steady growth with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes in the region. Likewise, the apartment sector has shown positive movement with the median price at $300,000 and a more modest annual appreciation of 2.1%.
The population of Goodwin has grown to 15,000 residents, which marks an impressive growth rate of 7.1%. This demographic trend indicates a robust potential for further real estate demand, driven by both new residents seeking housing and investors looking to capitalize on the growing local economy.
Investment Opportunities and Potential
Investors looking at the Goodwin real estate market will find opportunities in both the residential and rental sectors due to consistent population expansion. The steady rise in property values suggests that purchasing real assets now could lead to significant capital appreciation over the coming years.
The single-family home segment, with its higher growth rate, is particularly attractive for long-term investment strategies. The rental market should also not be overlooked; as population increases, so does the demand for rental units, making apartments an excellent choice for generating continuous income streams.
Future Market Outlook
The future of Goodwin’s real estate market appears promising given the strong economic indicators. If the current trends persist—steady population increases coupled with gradual property value appreciation—investors and homeowners can expect continued growth. It is reasonable to project that demand will remain robust as long as the local economy supports job creation and attracts new residents.
However, potential investors should monitor interest rates, employment statistics, and regional economic policies as these factors can influence market conditions. A proactive approach to understanding these dynamics will be key to making informed investment decisions in Goodwin’s evolving real estate landscape.
