Wildwood, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Wildwood, Alberta, is currently experiencing moderate growth. With a median house price of $485,000 and a year-over-year increase of 4%, the market is showing signs of steady appreciation. Similarly, the median apartment price stands at $295,000 with a 2.5% increase compared to the previous year. These trends indicate a healthy demand for housing in the area.
The population of Wildwood has seen an increase to 15,200 residents, growing at a rate of 1.3% per annum. This gradual population growth contributes to sustained demand for housing and can be seen as a positive indicator for property investors seeking long-term value retention and growth potential.
Investment Opportunities and Potential
For potential investors, Wildwood presents several opportunities. The consistent rise in house and apartment prices suggests that investing in residential properties may lead to capital gains over time. Given the steady population growth, rental properties could also provide reliable income streams since there will likely be an ongoing need for rental accommodation.
The 4% increase in house prices and the slightly lower increase rate for apartments at 2.5% suggest that houses are currently in higher demand than apartments or are appreciating faster, which might offer a different investment angle based on asset type preferences.
Future Market Outlook
Looking ahead, the real estate market in Wildwood appears poised for continued growth. The stable population increase implies that demand for housing is likely to persist, supporting both property values and rental market stability. If current trends continue as they are, investors could expect further moderate price increases and investment security in the foreseeable future.
However, it is important for investors to keep abreast of economic factors that could affect the local market such as employment rates, infrastructure developments, and changes in mortgage rates which could alter affordability and influence demand dynamics.
