Welling, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.8% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
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 Welling, Alberta currently exhibits steady growth with the median house price standing at $485,000, reflecting a 3.3% year-over-year increase. The apartment sector shows similar positive momentum with the median price at $290,000, and a 2.5% year-over-year uptick. These trends suggest a robust demand for housing in tandem with the region’s economic development.
The population growth of 7.1% indicates significant demographic expansion, which is likely contributing to the healthy demand in the housing market. This influx of residents may be attributed to employment opportunities, lifestyle preferences, or other socio-economic factors that make Welling an attractive place to live.
Investment Opportunities and Potential
Given the current market conditions, Welling presents a promising landscape for investors. The consistent appreciation in property values over the past year underscores the potential for capital gains in both the housing and apartment segments. Investments in residential real estate could yield favorable returns considering the ongoing population growth and corresponding demand.
The divergent price points between houses and apartments suggest a range of investment options tailored to different investor profiles. Those looking for a potentially higher return might consider investing in standalone houses, while others seeking more affordable entry points or diversification could look towards the apartment market.
Future Market Outlook
The future of Welling’s real estate market appears optimistic. The sustained population increase implies a continued need for housing which should support property values going forward. If current economic conditions persist alongside demographic trends, it is reasonable to anticipate further growth in median property prices at rates comparable to or exceeding recent figures.
However, investors should remain vigilant about broader economic indicators and local developments that could impact the market. Potential risks include changes in interest rates, employment levels, and regional policies affecting real estate. Staying informed will be key to navigating Welling’s dynamic market landscape.
