Pickardville, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.9% |
Apartment
Median price | $290,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $580,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,800 |
Population Change | 2.7% |
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 Pickardville, Alberta is currently experiencing steady growth. The median house price in the area is $485,000, which indicates a 2.8% year-over-year increase. This suggests that while growth is modest, the market is stable and showing signs of continuous improvement. Similarly, the median apartment price has seen a rise to $290,000, marking a 1.9% year-over-year uptrend. With a population of 15,200 and a healthy population growth rate of 2.7%, demand for housing in Pickardville is likely to maintain its upward trajectory.
Investment Opportunities and Potential
Pickardville’s real estate market presents promising investment opportunities for both residential properties and rental apartments. Given the consistent rise in property values and the town’s growing population, investing in real estate here could yield substantial returns over time. The current trends indicate that purchasing property in this region is relatively affordable compared to more urbanized areas, which could potentially attract investors looking for value investments or rental income properties. With apartments appreciating at a slower pace than houses, there may also be an opportunity to enter the market at a lower price point with a focus on catering to renters.
Future Market Outlook
The future outlook for Pickardville’s real estate market appears positive. The steady population growth coupled with the ongoing appreciation of property values is indicative of a robust market with potential for long-term sustainability. Investors can remain cautiously optimistic as moderate gains in house and apartment prices are expected to continue. It is important for potential investors to monitor local economic factors and development projects that could influence future market conditions. However, based on current data, Pickardville’s real estate landscape seems poised for continued growth.