Gwynne, 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 Gwynne, Alberta is currently experiencing moderate growth. With a median house price of $500,000 and an annual trend showing a 3.5% increase year-over-year, the market is trending upward at a steady pace. Similarly, the apartment sector has seen growth with a median price of $300,000 and an appreciation rate of 2.1% over the same period.
The population of Gwynne stands at 15,000 residents with a robust growth rate of 7.1%, suggesting that demand for housing may continue to rise. This demographic trend can be a driving factor behind the real estate market’s vitality as more people moving to the area could potentially lead to increased demand for housing.
Investment Opportunities and Potential
Given the steady appreciation rates in both houses and apartments, investment opportunities in Gwynne seem promising. The consistent growth in property values indicates a healthy market with potential for capital gains over time. Furthermore, the strong population growth rate could signal ongoing demand for rental properties, making it an attractive market for buy-to-let investors.
Investors looking to capitalize on Gwynne’s growth might consider purchasing residential properties to cater to the expanding population. Notably, with a lower median price point for apartments compared to houses, entry-level investors or those looking for less capital-intensive opportunities might find apartments an appealing option.
Future Market Outlook
The future outlook for Gwynne’s real estate market appears optimistic based on current trends and demographic data. If the population continues to grow at its current rate, it is likely that demand for housing will continue to drive property prices upward. However, potential investors must also consider economic factors such as employment rates, interest rates, and regional economic development which can impact the market dynamics.
Given the current trends of steady price increases and significant population growth, if these conditions persist, Gwynne’s real estate market is poised for continued strength going forward. Nonetheless, it remains crucial for stakeholders to monitor local and national economic indicators that may affect future market conditions.
