Pollockville, 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
1. Current Market Conditions and Trends
The real estate market in Pollockville, Alberta is currently experiencing a moderate growth environment. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This steady climb indicates a healthy demand for housing in the area. Meanwhile, the median apartment price is listed at $300,000, with a slower year-over-year trend of 2.1%. This suggests that while apartments are appreciating, they are doing so at a more measured pace compared to houses.
2. Investment Opportunities and Potential
Investors considering Pollockville’s real estate market will find potential in both the single-family home and apartment sectors. Given the consistent appreciation rates observed, investment in housing could yield solid returns over time. The higher growth rate in house prices points to a potentially stronger demand for detached homes, which might be attributed to the lifestyle preferences of the local population or an influx of new residents looking for more spacious living options.
Apartments present a more affordable entry point for investors and could be particularly attractive for rental purposes as the population grows. With the population of Pollockville increasing at a notable rate of 7.1%, demand for rental properties may surge, making it an opportune time to consider investment properties in this sector.
3. Future Market Outlook
The future outlook of Pollockville’s real estate market appears promising. The significant population growth rate of 7.1%, well above national averages, is likely to drive increased demand for housing across all types. If current trends continue, we can expect continued appreciation in property values, although external economic factors could affect these projections.
In conclusion, while no market is without risk, Pollockville’s growing population and upward trending property values present compelling reasons for potential investment in its real estate market.
