Wardlow, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
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 | $330,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest data, Wardlow, Alberta’s real estate market exhibits a steady incline in property values. The median house price stands at $485,000, which marks a year-over-year increase of 4.2%. Meanwhile, the apartment sector shows more modest growth, with the median price at $295,000 and an upward trend of 1.9% over the same period. These figures suggest a healthy demand for housing in both categories, with single-family homes experiencing a particularly strong appreciation rate.
The population of Wardlow has been growing at a rate of 2.7%, totaling approximately 15,200 residents. This demographic expansion contributes to the underlying demand for housing and supports the ongoing price appreciation seen across the local market.
Investment Opportunities and Potential
In light of the current market conditions, investment opportunities in Wardlow appear promising, especially in the single-family home segment where appreciation rates are more robust. The consistent growth in property values coupled with population increases suggests that investments in residential real estate could yield favorable returns over time.
Investors might also consider opportunities within the apartment sector. Although apartments show slower price growth at 1.9%, they may offer an attractive entry point for those looking to capitalize on rental demand driven by population growth. Long-term investment strategies could benefit from diversification across different types of properties to mitigate risk while taking advantage of various market segments.
Future Market Outlook
The future outlook for Wardlow’s real estate market remains positive given current trends and demographic factors. Should the population continue to grow at or above the current rate of 2.7%, demand for housing is likely to remain strong, sustaining property value increases. Moreover, if economic conditions hold steady and interest rates remain conducive to borrowing, we can expect continued investment activity and further market expansion.
Careful monitoring of economic indicators and housing supply will be essential as these factors will play pivotal roles in shaping market dynamics moving forward. Stakeholders should stay informed about local development plans and zoning changes that could impact future supply levels and affordability concerns, which may affect long-term market health.
