Plamondon, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Plamondon, Alberta, the current real estate market is experiencing a period of steady growth. With a median house price of $485,000 and an incremental increase of 3.2% year-over-year, the market indicates a stable upward trend in property values. This progression is reflected similarly in the apartment sector, with a median price of $290,000 and a year-over-year trend showing a 1.9% rise. These statistics demonstrate a consistent demand for housing in the region.
The population of Plamondon has reached 15,200 residents, which has grown by an impressive 4.8%. This significant growth suggests an increasing demand for housing and can be seen as a direct contributor to the steady ascension in property prices. Additionally, this population increase often correlates with enhanced economic activity within the area, further supporting the real estate market.
Investment Opportunities and Potential
Given the positive trends in population growth and housing prices, Plamondon represents an attractive opportunity for real estate investors. The continuous rise in property values offers potential for capital appreciation over time. Moreover, the fact that both segments of the housing market—houses and apartments—are showing steady price increases indicates that investment opportunities are not limited to one type of property.
For investors looking to engage in rental properties, the robust population growth signals a potentially growing rental market. As newcomers arrive in Plamondon seeking employment or other opportunities, demand for rental units may rise accordingly. Investors could capitalize on this prospect by acquiring properties to meet this expected demand.
Future Market Outlook
The future outlook for Plamondon’s real estate market remains positive based on current trends and data. If the population continues to grow at its current rate or higher, it is likely that housing demand will persistently raise property values and maintain the health of the real estate market.
However, it’s essential for investors to monitor economic factors such as employment rates, local industry performance, and regional development initiatives as these can significantly impact future market conditions. Assuming that these indicators remain favorable or improve, Plamondon’s real estate market is poised for ongoing growth with ample opportunities for savvy investors.
