Weinlos, 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 Weinlos, Alberta is currently experiencing steady growth. With a median house price of $500,000, the market has seen a 3.5% year-over-year increase, signaling a healthy upward trend in property values. Similarly, the median apartment price stands at $300,000 with a slightly lower but consistent growth rate of 2.1% year-over-year. This ongoing appreciation in property values suggests that Weinlos is a stable market for homeowners and investors alike.
The population of Weinlos has reached 15,000 residents, with a robust growth rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing in the area and may be indicative of future market trends. As population growth often correlates with increased demand for real estate, this statistic highlights the potential for continued strength in the Weinlos housing market.
Investment Opportunities and Potential
Given the steady increase in property values and strong population growth, Weinlos presents several attractive investment opportunities. The rise in median home prices suggests that purchasing residential properties could lead to significant capital appreciation over time. Investors looking to capitalize on rental income may also find lucrative opportunities due to the increasing local demand for housing driven by the growing population.
The apartment sector’s slower yet positive price trend indicates a stable investment environment for those interested in multi-family properties. With more individuals and families moving into the area, rental apartments are likely to remain in high demand, providing investors with a consistent income stream and potential for long-term asset appreciation.
Future Market Outlook
The future market outlook for Weinlos appears optimistic. The combination of steady price increases and substantial population growth sets the stage for ongoing vitality within the local real estate market. The current trends suggest that both residential houses and apartment units will continue to appreciate, albeit at potentially varying rates.
Prospective investors should monitor the economic drivers within Weinlos and surrounding regions as they can significantly influence future real estate dynamics. Factors such as employment rates, infrastructure development, and regional economic policies will play crucial roles in shaping the trajectory of Weinlos’s real estate landscape.
It is important for stakeholders to keep abreast of these variables while also considering macroeconomic conditions that could impact interest rates and borrowing costs. In summary, provided that these fundamental aspects remain favorable, Weinlos’s real estate market is poised to maintain its growth trajectory in the foreseeable future.
