Hoadley, 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
With a median house price of $500,000 and experiencing a year-over-year increase of 3.5%, Hoadley’s real estate market is showing consistent upward growth. The median apartment price at $300,000, growing at a slightly lower rate of 2.1% year-over-year, indicates a steady demand in the housing sector. The population of Hoadley stands at 15,000 residents, having grown by an impressive 7.1%, which suggests an expanding local economy and potentially increased demand for housing.
Investment Opportunities and Potential
Given the steady growth in property values, investment opportunities in Hoadley are promising. The increase in the median house price could be indicative of a seller’s market, with potential for continued appreciation in property values. This presents an opportunity for real estate investors looking to acquire assets that are likely to increase in value over time. For those interested in rental properties, the growing population suggests a sustainable tenant base, particularly if the area attracts professionals or families seeking long-term residence.
Future Market Outlook
The future market outlook for Hoadley appears optimistic. Considering the robust population growth and consistent rise in property prices, it is expected that the real estate market will continue to thrive. This positive trajectory is likely to attract further investment and development to the area. Investors and homebuyers could benefit from entering the market now before prices climb further as demand is driven by ongoing population growth and economic expansion within Hoadley.
