Wardlow, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.1% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Wardlow, Alberta is currently experiencing modest growth. With a median house price of $485,000, the market has seen a year-over-year increase of 3.3%. This indicates a steady growth pattern that aligns with the region’s overall economic stability and appeal as a residential area. The apartment sector is similarly showing positive trends, with a median apartment price of $295,000 and a year-over-year growth rate of 2%. These indicators reflect a balanced market that is growing at a sustainable pace.
The population of Wardlow stands at 15,200 residents, with an impressive growth rate of 5.14%. This suggests that Wardlow is an attractive location for new residents, which could be due to factors such as employment opportunities, quality of life, or other socioeconomic factors.
2. Investment Opportunities and Potential
In terms of investment potential, Wardlow’s real estate market appears promising due to its consistent growth in property values and population increase. Investors looking at the housing market can anticipate continued appreciation based on current trends, which could yield profitable returns in the medium to long term. The steady increase in apartment prices also suggests that there is demand for multi-family dwellings, making this segment particularly interesting for investors focusing on rental properties.
The consistent population growth enhances the potential for rental income stability and reduces vacancy risks. This demographic trend can drive demand for both rental and owner-occupied properties. Investors might also explore opportunities in developing new housing projects or renovating existing properties to cater to the evolving needs of the growing community.
3. Future Market Outlook
The future outlook for Wardlow’s real estate market remains optimistic. Given the area’s solid population growth and upward trending property values, it is reasonable to expect that these patterns will continue into the near future. The local economy’s performance and any policy changes affecting the housing market will be crucial factors influencing these trajectories.
However, investors and homebuyers should remain vigilant about regional and national economic shifts that could impact interest rates, lending policies, and employment levels—all of which have significant bearing on real estate markets.
In conclusion, while current data reflects healthy market conditions with potential for investment gains, stakeholders should stay informed on broader economic indicators to make strategic decisions in this dynamic market environment.
