Redland, 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
Current Market Conditions and Trends
The real estate market in Redland, Alberta, is currently experiencing steady growth. The median house price in the area stands at $500,000, marking a year-over-year increase of 3.5%. This indicates a healthy demand for housing, likely driven by the town’s desirable living conditions and economic opportunities. Similarly, the median apartment price has seen a positive trend, with values rising by 2.1% year-over-year to reach $300,000.
The population of Redland is approximately 15,000, and it has been growing at an impressive rate of 7.1%. This substantial population growth suggests that Redland is an attractive place for individuals and families looking for residential opportunities, which is further supported by the upward movement of property prices.
Investment Opportunities and Potential
The consistent rise in property values combined with significant population growth positions Redland as a promising locale for real estate investment. The steady appreciation in house prices indicates a stable market where investors can expect reliable capital gains over time. Rental properties are also poised to benefit from the growing population as more people seek housing in the region.
Furthermore, given the more moderate price point of apartments compared to houses, there may be considerable potential for investors interested in entering the market at a lower cost. The growth trend in apartment prices suggests that smaller-scale investments can still yield favorable returns.
Future Market Outlook
The future outlook for Redland’s real estate market remains optimistic. With ongoing population expansion and economic development within the area, demand for both residential and rental properties is expected to continue rising. The consistent upward trajectory of house and apartment prices points towards a robust market with potential for further growth.
However, it is important for investors to keep an eye on external economic factors that could impact interest rates and affordability. Nonetheless, based on current trends and demographic indicators, Redland’s real estate market appears well-positioned for sustained prosperity in the foreseeable future.
