Rosedale, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Rosedale, Alberta, the real estate market has shown a steady increase in property values. With a median house price of $525,000 and a year-over-year growth rate of 4.2%, the housing sector demonstrates a robust upward trend. Similarly, the apartment market is also experiencing growth, albeit at a slightly slower pace, with a median price of $315,000 and an increase of 2.5% over the previous year.
This consistent rise in property values can be partly attributed to Rosedale’s growing population, which has recently seen a 3.3% increase. Demand for housing is likely being driven by this population growth, as more residents require accommodation within the area.
Moreover, Rosedale’s real estate market is characterized by competitive conditions with potential supply constraints. The combination of steady price increases and demographic expansion suggests a seller’s market where demand outpaces supply.
Investment Opportunities and Potential
As an emerging market with strong growth indicators, Rosedale presents several investment opportunities. The continuous uptick in house prices indicates that residential properties remain attractive assets for long-term capital appreciation. Investors may find particular potential in single-family homes and apartments that cater to the needs of the growing populace.
Apartments, with their lower median price point and stable year-over-year appreciation, could appeal to first-time investors or those looking for more affordable entry points into the real estate market. Additionally, rental properties may offer lucrative returns given the population growth and increasing demand for housing options.
It’s essential for investors to consider local developments and infrastructure projects that could further enhance property values and attract new residents to Rosedale.
Future Market Outlook
The future outlook for Rosedale’s real estate market remains optimistic. The sustained population growth coupled with consistent price trends suggests that demand will continue to support the real estate market’s advancement.
The annual growth rates for both houses and apartments show no signs of significant deceleration, implying that investments made today are likely to benefit from continued appreciation. However, potential investors should stay informed about any economic factors or policy changes that could impact the local market dynamics.
Maintaining vigilance on interest rates, employment trends, and broader economic conditions will be crucial for accurately forecasting the future trajectory of Rosedale’s real estate market. Nonetheless, current indicators point towards a promising horizon for both homebuyers and investors alike.
