Shouldice, 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 Shouldice, Alberta currently presents a stable and growing environment with consistent year-over-year growth. The median house price stands at $500,000, reflecting a healthy increase of 3.5% compared to the previous year. Meanwhile, the median apartment price is $300,000, having risen by 2.1% year-over-year. These trends indicate a robust and appreciating market likely fueled by the significant population growth of 7.1%, which is considerably higher than the national average.
Investment Opportunities and Potential
With a population now reaching 15,000 residents and the rapid rate of growth, there is substantial investment potential in Shouldice’s real estate market. The steady increase in property values offers investors an opportunity for capital gains over time. Detached homes, given their more pronounced price appreciation, present an attractive investment for those seeking to benefit from the rising demand. Additionally, apartments could be a strategic investment choice due to their lower entry cost and appeal to new residents or individuals unable to afford higher-priced housing.
Future Market Outlook
The future outlook for Shouldice’s real estate market appears promising. Considering the strong population growth and consistent rise in property prices, it is likely that the demand for housing will continue to grow, further driving up prices in both houses and apartments. However, investors should be mindful of economic factors that may influence interest rates and affordability, which can affect overall market conditions. With these considerations in mind, Shouldice represents a solid market with ongoing opportunities for both residential living and investment endeavors.
