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 is currently experiencing steady growth, as indicated by the median house price of $500,000, which represents a 3.5% year-over-year increase. The apartment sector is also showing positive momentum with a median price of $300,000, climbing at a slightly more modest rate of 2.1% year-over-year. This growth is supported by the town’s healthy population increase of 7.1%, suggesting a robust demand for housing in the area.
Investment Opportunities and Potential
Given the steady appreciation in property values, Manola presents itself as an attractive destination for real estate investors. The consistent growth in house prices indicates a strong and stable market that could provide long-term capital gains. Similarly, the apartment sector, with its over 2% annual increase in value, offers potential for both rental income and appreciation, especially considering the growing population which may drive demand for multifamily dwellings.
Future Market Outlook
The outlook for Manola’s real estate market remains optimistic. The sustained population growth of 7.1% is likely to continue fueling demand for housing. If current trends persist, both the housing and apartment markets are expected to maintain their upward trajectories. Investors and homebuyers alike should monitor key factors such as local economic development, interest rates, and employment levels, as these will play crucial roles in shaping the future landscape of Manola’s real estate market.
