Swalwell, 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 Swalwell, Alberta, has been exhibiting steady growth with the median house price currently standing at $500,000, marking a year-over-year increase of 3.5%. The apartment sector is also showing positive momentum with a median price of $300,000 and a growth trend of 2.1% year-over-year. These statistics indicate a healthy market that is experiencing consistent appreciation in property values.
The population of Swalwell has grown to 15,000, with an impressive growth rate of 7.1%. This demographic expansion suggests increased demand for housing and can be a driving factor behind the robust real estate trends observed.
Investment Opportunities and Potential
In light of the current market trends, Swalwell presents several attractive investment opportunities. The consistent rise in median house prices indicates a strong potential for capital gains on residential properties. Investors looking to purchase houses can expect continued appreciation given the current trajectory.
Apartments represent another promising area for investment, especially considering their more modest price point at $300,000 and the solid growth trend they have shown. This could appeal to investors aiming for rental income, as the growing population may translate into higher demand for rental properties.
Future Market Outlook
The future outlook for Swalwell’s real estate market remains optimistic. With the sustained population growth and ongoing upward trends in property values, it is reasonable to anticipate further market expansion. If the current population growth rate persists, demand for both houses and apartments is likely to increase, potentially pushing prices upward even further.
Careful monitoring of economic factors such as employment rates, regional development projects, and interest rate fluctuations will be essential as they could impact these projections. However, assuming stable economic conditions prevail, Swalwell’s real estate market appears poised for continued growth over the coming years.
