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 steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing positive signs of increasing value for homeowners. Similarly, the apartment sector has a median price point of $300,000 with a year-over-year price increase of 2.1%. This suggests a stable investment landscape for both detached homes and multifamily units.
The population growth of 7.1% indicates a robust demographic expansion which could be contributing to the demand for housing in the area. This kind of increase often signals a healthy local economy and can be seen as an encouraging sign for potential investors looking at long-term gains.
Investment Opportunities and Potential
Considering the current median prices and positive trends in property values, Gwynne poses appealing opportunities for real estate investors. The consistent growth in house prices reflects a market that has not yet peaked, offering potential for capital gains as the trend continues upward. Particularly, single-family homes seem to be leading this charge with over one percentage point higher growth compared to apartments.
The significant population growth not only supports the current upward pressure on property values but also points towards a growing rental market. Investors may find potential in acquiring rental properties to cater to this expanding demographic.
Moreover, the apartment sector with a 2.1% appreciation rate could attract investors looking for more affordable entry points into the property market or diversify their portfolios with multifamily units that promise steady growth.
Future Market Outlook
The future outlook for Gwynne’s real estate market remains optimistic given the current trends and underlying demographic factors. Should the population continue to grow at its current rate or higher, demand for housing will likely drive property values further upwards. Both sectors—houses and apartments—are expected to benefit from this continued demand.
However, it’s important for investors to monitor economic factors that might affect affordability, such as employment rates and interest rate fluctuations, which can influence buyer’s purchasing power.
In conclusion, Gwynne’s real estate market presents a promising environment for investment with solid growth in median prices backed by strong population increases. While single-family homes currently offer a slightly higher growth rate, apartments should not be discounted as they provide a lower barrier to entry and diversification opportunities.