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 (2024) | 15,000 |
| Previous Population (2019) | 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
1. Current Market Conditions and Trends
The real estate market in Weinlos, Alberta is experiencing a period of moderate growth. The median house price currently stands at $500,000, with a positive year-over-year trend of 3.5%. This indicates that the market is healthy and appreciating at a sustainable rate.
Similarly, the median apartment price has been noted at $300,000, showing a slightly lower but still positive year-over-year increase of 2.1%. The slower growth rate in the apartment sector may reflect a market that is more accessible to first-time homebuyers or those seeking more affordable housing options.
The population of Weinlos sits at 15,000 residents, and it has seen a robust growth of 7.1%. This population increase is likely contributing to the steady demand for housing in the area and supports the observed price trends.
2. Investment Opportunities and Potential
Given the consistent growth in housing prices and the significant population expansion, Weinlos presents attractive investment opportunities. The ongoing development suggests a persistently high demand which could benefit investors looking for long-term capital gains.
Investors might find particular potential in the apartment market due to its lower entry price point combined with steady appreciation. As the population continues to grow, rental demand is likely to increase, potentially offering strong rental yields in addition to capital growth.
3. Future Market Outlook
The future market outlook for Weinlos remains optimistic. The steady growth in both housing prices and population suggests an ongoing demand that is likely to continue driving the real estate market forward. If current trends persist, investors and homeowners can anticipate continued appreciation in property values.
Municipal development plans and infrastructure investments could further bolster this positive outlook, ensuring that Weinlos remains an attractive location for new residents and investors alike. As such, stakeholders are encouraged to monitor these aspects closely as they can have significant impacts on future market dynamics.
