Swalwell, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.9% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.8% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $570,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $330,000 |
3 bedrooms | $425,000 |
Demographics
Current Population (2025) | 15,300 |
Previous Population (2020) | 15,000 |
Population Change | 2.0% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
Swalwell’s real estate market is currently experiencing a period of moderate growth. With the median house price sitting at $485,000, there has been a year-over-year increase of approximately 4%. This suggests a healthy upward trend in property values, indicative of a stable housing market that has managed to maintain its momentum despite broader economic fluctuations.
The market for apartments is seeing more modest growth, with the median apartment price reaching $295,000, which marks a 1.8% increase over the previous year. This slower rate of appreciation may reflect a greater balance between supply and demand in the apartment sector or a shift in consumer preference towards single-family homes.
The population in Swalwell stands at 15,300, having grown by 2%. This steady population growth contributes to sustained demand in the housing market, as new residents seek accommodation, thereby supporting property value increases.
Investment Opportunities and Potential
Investors considering Swalwell’s real estate market can find opportunities particularly within the single-family home segment. Given the solid 4% increase in median house prices over the past year, investment in this category appears to be promising for capital gains. Moreover, the ongoing population growth is likely to continue fueling demand for housing, which bodes well for both rental and resale markets.
The apartment sector, although experiencing slower growth, also offers potential for investors looking to enter the market at a lower price point. The 1.8% growth rate indicates that there is stability and potential for long-term appreciation. Additionally, apartments can be attractive rental properties due to their typically lower maintenance costs and appeal to smaller households or young professionals moving into the area.
Future Market Outlook
Looking toward the future, Swalwell’s real estate market appears positioned for continued gradual growth. The consistent population increase suggests that demand will remain steady, likely supporting ongoing property value appreciation. As long as economic conditions remain favorable and no significant changes disrupt local or national economic trends, both house and apartment markets should maintain their current trajectories.
However, investors and potential homebuyers should be aware that real estate markets are subject to cyclical changes and external shocks. It’s crucial to monitor economic indicators closely, including employment rates, interest rates, and regional development plans that could affect Swalwell’s housing demand and supply dynamics.