Manola, 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
Current Market Conditions and Trends
The real estate market in Manola, Alberta currently presents stability with moderate growth. The median house price in the area stands at $500,000, which marks a healthy year-over-year increase of 3.5%. This trend suggests a sustained demand for housing in the region. Similarly, the median apartment price is at $300,000, with a more modest appreciation rate of 2.1% year-over-year.
The market’s growth correlates with the local population, which has experienced a significant surge of 7.1%, indicating a growing community that could further drive demand for housing. These conditions reflect a balanced real estate environment where both sellers and buyers can capitalize on opportunities without the volatility seen in other markets.
Investment Opportunities and Potential
Investment prospects in Manola look promising as the area’s population growth suggests an upward trajectory for housing needs. For investors, the steady increase in property values coupled with demographic expansion presents an opportunity to invest in both residential houses and apartments.
The current market dynamics show that investing in single-family homes could potentially yield higher capital gains due to the stronger appreciation trend of 3.5%. However, apartments also offer a compelling investment case with their consistent appreciation and potentially lower entry points at a median price of $300,000.
Rental properties may also be a viable strategy given the population increase. Investors should consider the potential for rental income growth as more people move to Manola seeking accommodation, thereby possibly increasing rental yields over time.
Future Market Outlook
The future market outlook for Manola remains positive. The ongoing population growth is likely to continue supporting housing demand, potentially leading to a steady rise in property values. Additionally, as the town expands, there may be further infrastructure development and economic diversification, which can contribute positively to property desirability and value.
While current trends indicate growth, investors should remain cognizant of broader economic factors such as interest rates, employment levels, and regional economic policies that could impact the real estate market down the line.
In conclusion, Manola’s real estate market appears set for continued growth with sound investment prospects. Nonetheless, it is advisable for investors to conduct thorough due diligence and stay informed about local developments that could influence market conditions.
