Plamondon, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| 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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
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 Plamondon, Alberta is currently experiencing steady growth. With a median house price of $485,000, the market has seen an increase of 3.3% year-over-year. Similarly, the median price for apartments stands at $295,000, reflecting a 2.5% rise from the previous year. This gradual appreciation in property values is indicative of a healthy market environment that offers stability for homeowners and investors alike.
The population of Plamondon has also been on an upward trajectory with a growth rate of 2.7%, suggesting a growing demand for housing due to the influx of new residents seeking accommodation in the area. This demographic trend is likely contributing to the overall positive momentum observed in the housing market.
Investment Opportunities and Potential
For potential investors, Plamondon presents a number of promising opportunities. The consistent increase in property values demonstrates long-term investment potential for both residential houses and apartments. Given the current trends, investing in real estate could potentially result in capital gains over time as property prices are projected to continue their upward movement.
The incremental population growth not only boosts demand for housing but may also lead to greater rental market opportunities. Investors looking to enter the rental market could benefit from this rising demand, as more individuals and families will be seeking properties to lease. Furthermore, with relatively affordable property prices compared to larger urban centers, Plamondon offers investment accessibility to those with varying budgets.
Future Market Outlook
The future of Plamondon’s real estate market appears positive based on current trends. The sustained growth in property values and population increases are strong indicators that the market is expected to remain robust. Assuming no significant economic disruptions occur, these factors should continue to support a buoyant real estate sector well into the future.
As Plamondon continues to develop and attract new residents, there may be opportunities for further expansion of housing developments and infrastructure improvements. Such advancements would likely contribute to maintaining or even accelerating current growth rates. Investors and homebuyers can view Plamondon as a market with favorable conditions for both immediate and long-term prospects.
