Hardisty, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Hardisty, Alberta, the real estate market is currently exhibiting steady growth. The median house price in the area stands at $485,000, with a year-over-year increase of 3.2%. This indicates a consistent upward trend in property values for single-family homes. Similarly, the median apartment price has also seen growth, albeit at a slightly slower pace, with a current value of $295,000 and an annual increase of 2%.
The population of Hardisty has been increasing steadily with a growth rate of 3.3%, suggesting an expanding local economy and a potentially growing demand for housing. This demographic shift is likely contributing to the positive trends in housing prices as more people seek homes in the region.
Investment Opportunities and Potential
The stable increase in housing prices in Hardisty offers promising investment opportunities. The alignment of both house and apartment prices on an upward trajectory can be appealing to investors looking for both short-term gains through flipping and long-term profits through rental income. With an ongoing population growth, the demand for housing is expected to continue, which may lead to sustained or increased property values over time.
Moreover, the stronger performance of single-family homes compared to apartments could signal a particularly high demand for this type of property. Investors may find that focusing on houses rather than apartments could yield better returns given the current market conditions. However, apartments still present a solid investment opportunity due to their lower entry price point and consistent growth.
Future Market Outlook
The future outlook for Hardisty’s real estate market remains optimistic based on current trends and demographic indicators. With a continued population increase and economic stability, the demand for housing is likely to maintain its upward trajectory. This bodes well for both homeowners looking to preserve value in their investments and potential buyers considering entering the market.
The consistent appreciation of house and apartment prices suggests that the market is not experiencing volatile swings but rather stable growth. Assuming no major economic disruptions occur, investors and homeowners can expect a continuation of these trends with potential adjustments based on broader regional or national economic factors.
In conclusion, Hardisty’s real estate market presents a favorable environment for investment with its stable growth patterns and positive demographic trends. Stakeholders should remain attentive to local and global economic changes that could impact future market conditions.
