Sharples, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Sharples, Alberta is experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector shows a healthy upward trajectory. Similarly, apartments are becoming increasingly valuable, with a median price point of $300,000 and growing at a rate of 2.1% over the past year.
This growth is likely influenced by the expanding population, which has seen a substantial increase of 7.1%. This demographic shift suggests a rising demand for housing in the region. Such trends reflect an active market where properties are continuing to gain value, making it attractive for both buyers looking to invest in homes and sellers aiming to capitalize on their investments.
Investment Opportunities and Potential
Sharples presents several promising investment opportunities within its real estate market. The consistent rise in housing prices indicates room for capital gains for those investing in residential properties. The 3.5% year-over-year increase in house prices, coupled with the 2.1% increase in apartment values, points to robust investment potential.
For investors looking to enter the rental market, the growing population – currently at 15,000 – provides a widening tenant base. With more people moving to Sharples, rental demand is likely to surge, potentially driving up rental yields for property owners.
Moreover, new development projects could be incentivized by the local government to accommodate the influx of residents, offering additional avenues for real estate development and investment.
Future Market Outlook
The future of Sharples’ real estate market appears optimistic based on current trends and statistics. Assuming that the population continues to grow at its current pace of 7.1%, demand for housing is expected to remain high, further fueling property prices and investment returns.
However, investors should also remain aware of broader economic conditions that could impact interest rates, employment levels, and overall affordability – factors that can have significant effects on real estate markets.
In summary, while current signals point towards a favorable outlook for Sharples’ real estate market, both short-term and long-term investors should conduct thorough due diligence and stay informed about regional economic indicators that may influence market dynamics.
