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Hillcrest, 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




Hillcrest, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Hillcrest, Alberta, is currently experiencing steady growth. With a median house price at $500,000, the market has seen a year-over-year increase of 3.5%. This suggests that the market is healthy and that property values are appreciating at a moderate pace. Similarly, apartments in Hillcrest are also on the rise with a median price of $300,000 and an annual growth rate of 2.1%. This growth is reflective of the general economic stability in the region and an indication of ongoing demand for housing.

Investment Opportunities and Potential

The demographic trends in Hillcrest are promising for potential investors. The population has grown by 7.1%, which is a significant indicator of the area’s attractiveness and potential for further real estate development. The steady rise in property prices indicates a consistent demand which may be beneficial for long-term investments. Given the current trends, investing in both residential homes and apartment units could yield positive returns, particularly for those looking to engage in rental property investment or speculative real estate ventures.

Future Market Outlook

The future of Hillcrest’s real estate market looks optimistic based on current data. Assuming the area’s economy continues to prosper and attract new residents, we can expect sustained growth in property values. However, it is important to note that external economic factors and changes in interest rates could impact these projections. Nevertheless, given the robust population growth and steady appreciation rates, Hillcrest stands out as a potentially strong market for both residential living and real estate investment opportunities over the coming years.