Hardisty, 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 in Hardisty, Alberta
In Hardisty, Alberta, the real estate market is currently experiencing a period of steady growth. The median house price stands at $500,000, reflecting a positive year-over-year trend of 3.5%. This indicates a healthy demand for single-family homes, which could be attributed to the area’s economic stability and appealing living conditions.
The apartment sector is also showing an upward trajectory with the median apartment price at $300,000, and a slightly lower but still positive year-over-year increase of 2.1%. This growth rate suggests that while there is interest in multi-family dwellings, the market is more cautious than that for houses.
The population of Hardisty stands at approximately 15,000 residents with a robust growth rate of 7.1%. This significant population increase is likely contributing to the housing demand, further fuelling the real estate market in this region.
Investment Opportunities and Potential in Hardisty
Given the rising property values and strong population growth, Hardisty presents several attractive investment opportunities. The consistent increase in house prices points towards a stable investment environment for single-family homes. Investors looking to capitalize on rental income or long-term capital appreciation would find these properties appealing.
The apartment market, while growing at a slower pace, still offers potential for investors targeting a segment that might prefer lower-maintenance living or more affordable entry points into the real estate market. With the ongoing population growth, demand for rental properties is set to rise, potentially yielding favorable returns for investors in multi-family units.
Future Market Outlook for Hardisty
The future market outlook for Hardisty remains optimistic. The sustained population growth combined with positive economic indicators suggests that both housing demand and property values are likely to continue their upward trend. The current growth rates indicate that the real estate market here is not overheated but rather progressing at a measured pace which bodes well for long-term stability.
Should the local economy continue to thrive and attract new residents at its current rate, investors can reasonably expect ongoing appreciation in property values. Moreover, with infrastructure development keeping pace with population growth, it is likely that Hardisty will remain an attractive location for both residents and investors alike.
In conclusion, based on current trends and future projections, the real estate market in Hardisty looks promising for both homeowners looking to settle in a growing community and investors seeking rewarding opportunities.
