Queenstown, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| 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 | $590,000 |
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 Queenstown, Alberta is currently experiencing steady growth. The median house price stands at $485,000, with a year-over-year increase of 3.2%. This indicates a healthy demand for detached homes in the region. In contrast, the median apartment price is $295,000, which has seen a more modest annual appreciation of 1.9%. These figures suggest that while both segments of the housing market are growing, houses are in higher demand compared to apartments.
The population of Queenstown has reached 15,200 residents, showing a robust growth rate of 2.7%. This demographic trend underpins the increasing housing demand and could signal sustained market activity as more people move to the area seeking employment and lifestyle opportunities.
Investment Opportunities and Potential
Investors considering Queenstown’s real estate market can expect potential due to its steady growth and demographic expansion. The stronger growth rate in house prices suggests that single-family homes may offer better capital appreciation prospects in the near term. However, apartments with a lower entry price point provide opportunities for investors looking for rental properties, especially if targeted towards young professionals or small families who might be attracted by the area’s economic prospects.
Furthermore, with the population set to increase continuously, there is potential for new developments to meet the growing housing demand. Investors should also consider areas within Queenstown that may benefit from planned infrastructure improvements or new commercial projects that could boost local property values.
Future Market Outlook
The future market outlook for Queenstown remains optimistic given current trends and demographic indicators. Assuming consistent economic conditions and population growth rates, the real estate market should continue to experience steady appreciation. Long-term investors are likely to see sustainable growth in property values, particularly if they invest in strategically located areas poised for development or those that are well-serviced by amenities.
It is also important to monitor local economic policies and development plans as these could further influence market dynamics and investment potential. For instance, an increase in high-paying jobs or improvements to transportation infrastructure could lead to an acceleration in property value growth beyond current trends.
In conclusion, Queenstown presents an attractive market for both residential property owners and investors—with careful consideration of location and type of property, stakeholders can look forward to favorable outcomes in this burgeoning Alberta town.
