Jenner, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
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
The real estate market in Jenner, Alberta, is currently experiencing a moderate upward trend in property values. The median house price stands at $495,000, which represents a year-over-year increase of 3.2%. This steady growth indicates a healthy demand for detached homes in the area.
In comparison, the median apartment price is currently $295,000, with a slightly lower annual growth rate of 2.5%. This suggests that while apartments are also appreciating in value, the market for single-family homes is more dynamic.
The population of Jenner has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This population increase is likely contributing to the demand for housing and supporting the current price trends.
Investment Opportunities and Potential
The ongoing population growth combined with the steady appreciation of property values presents attractive investment opportunities in Jenner. The consistent rise in house prices points to a seller’s market, where demand outpaces supply. Investors can capitalize on this by investing in residential properties that are likely to continue appreciating.
The growth trend in apartment pricing also indicates potential for long-term investment returns, especially for those looking to enter the real estate market at a lower price point. The rental market could expand as well due to the increasing population, offering investors an additional revenue stream through buy-to-let properties.
Future Market Outlook
The future outlook for Jenner’s real estate market appears optimistic. Given the steady population growth and continued economic development, it is reasonable to anticipate that property values will maintain their upward trajectory. However, potential investors should be aware of external factors such as interest rates and regional economic conditions that could influence the pace of growth.
Should the population continue to rise at or above the current rate, demand for housing is expected to remain strong. This would likely result in a persistently competitive market for buyers but increased opportunities for sellers and investors. Strategic investments made now could yield significant returns as Jenner’s real estate market matures further.
