Warburg, 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 Warburg, Alberta, has demonstrated steady growth over the past year. The median house price in Warburg is currently at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a stable market with consistent demand. Similarly, the median apartment price has risen to $300,000, with a more modest annual growth rate of 2.1%, suggesting a slightly softer but still positive trend for apartment sales.
The population of Warburg has reached 15,000 residents and is experiencing robust growth at a rate of 7.1%. This rapid increase in population is a primary driver for housing demand and contributes to the positive price trends observed across both houses and apartments.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities within Warburg appear promising. The continuous population growth paired with consistent property value appreciation signifies potential for both short-term gains through property flipping and long-term returns through rental income and capital growth.
Investors considering entry into the Warburg real estate market would be entering at a time where historical data suggests an upward trajectory in property values. Additionally, as the population continues to expand, demand for both rental properties and homes for purchase is likely to rise, potentially leading to tighter housing supply and further upward pressure on prices.
Future Market Outlook
The future market outlook for Warburg’s real estate appears optimistic based on current trends. With a strong population growth rate that outpaces many other regions, there is an inherent increase in housing demand that is expected to persist. If economic conditions remain favorable and migration patterns continue as they are currently observed, it is reasonable to expect sustained growth in property values.
However, investors should be aware of external factors that could impact the local real estate market such as changes in the macroeconomic climate, interest rates fluctuations, or unforeseen events that could affect employment rates within the area. Vigilance towards such variables will be crucial for making informed investment decisions in the dynamic landscape of Warburg’s real estate market.