Markerville, 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 Markerville, Alberta currently displays a stable growth pattern. With a median house price of $500,000 that has seen a year-over-year increase of 3.5%, the market is witnessing steady appreciation. Similarly, the median apartment price stands at $300,000 and has experienced a more modest growth of 2.1% over the same period.
This consistent upward trend in property values is likely influenced by the robust population growth rate of 7.1%. As more individuals are drawn to Markerville for its economic opportunities and quality of life, demand for housing increases, thus pushing property prices up. The balanced increase in both house and apartment prices indicates a healthy market with opportunities for homeownership as well as investment in multi-unit residential properties.
Investment Opportunities and Potential
For potential investors, Markerville offers promising prospects. The ongoing population increase suggests a growing need for both rental and owner-occupied properties. Single-family homes, given their higher price appreciation, present an attractive option for long-term investment and equity growth.
Apartments also offer a viable investment opportunity with their 2.1% year-over-year price increase, which may appeal to those looking for lower entry points into the real estate market or diversification of an existing property portfolio. The rental market is likely to remain strong due to population growth, making multi-family units an appealing asset class.
Moreover, given the consistent rise in property values without any signs of overheating, Markerville’s real estate market provides a balanced environment for both capital preservation and appreciation potential.
Future Market Outlook
The future real estate market outlook for Markerville appears optimistic based on current trends and demographic shifts. If the population continues to grow at the current rate of 7.1%, demand for housing is expected to remain robust. This will likely sustain or potentially increase the current trends in property value appreciation.
However, investors and homebuyers should be aware of external factors that may impact these projections such as economic policies, interest rate changes, and regional employment opportunities which could affect migration patterns and housing demands.
In conclusion, Markerville presents itself as an attractive market with stable growth in real estate values coupled with significant investment potential driven by strong population growth. Careful analysis of ongoing economic conditions should be considered when making future-focused real estate decisions in this community.
