Sheerness, 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 Sheerness, Alberta currently exhibits stable growth. The median house price stands at $500,000, which reflects a 3.5% increase from the previous year. This consistent upward trend suggests a healthy demand for housing and a robust market for sellers. Similarly, apartments are experiencing a growth in value, albeit at a slightly slower pace with a 2.1% year-over-year increase, bringing the median apartment price to $300,000.
With a population of 15,000 that has grown by 7.1%, Sheerness is experiencing significant demographic expansion. This population growth is likely contributing to the increased demand for housing and can be seen as a positive indicator of a vibrant community with potential for further economic development.
Investment Opportunities and Potential
The steady rise in property values coupled with significant population growth positions Sheerness as an attractive location for real estate investment. The data suggests that both houses and apartments are appreciating assets in this market, providing opportunities for capital gains over time.
Investors may find particular interest in the growing demand for housing driven by the expanding population. With both segments of the market (houses and apartments) showing positive trends, diversification within real estate investments could mitigate risk while targeting different sectors of the housing market – from family homes to rental units catering to smaller households or individuals.
Future Market Outlook
The future outlook for the Sheerness real estate market remains optimistic based on current trends and demographic data. If the population continues to grow at or near the current rate of 7.1%, demand for housing is expected to remain strong, potentially leading to further increases in property values.
However, investors and stakeholders should also be mindful of regional economic factors, changes in mortgage rates, and government housing policies which can all influence market conditions. Continuous monitoring of these variables will be crucial for making informed decisions in this dynamic market environment.
In conclusion, Sheerness presents itself as an increasingly popular destination with solid growth prospects in its real estate sector. Both living spaces and investment properties show potential for appreciation, making it an attractive market for buyers and investors alike.
