Wildwood, 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 Wildwood, Alberta, currently presents a stable and growing environment. With a median house price sitting at $500,000, the market has experienced a consistent 3.5% year-over-year increase. This suggests a healthy demand for houses in the area and a steady appreciation in property values. On the other side, the median apartment price is relatively more affordable at $300,000, with a more moderate growth rate of 2.1% year-over-year. The discrepancy in growth rates between houses and apartments could indicate a stronger preference or demand for single-family homes.
This steady growth is supported by the area’s population increase of 7.1%, signaling that Wildwood is becoming an increasingly desirable place to live. As the population grows to currently stand at approximately 15,000 residents, the demand for housing is likely to continue rising, potentially pushing prices upwards if the supply does not keep pace.
Investment Opportunities and Potential
The current market conditions point towards a positive climate for investment opportunities in Wildwood. The consistent growth in both house and apartment prices indicates that investors could potentially benefit from capital gains over time. Moreover, as population growth does not show signs of slowing down, rental properties could see sustained demand, leading to favorable rental yields for investors.
The greater increase in house prices compared to apartments might suggest that investing in single-family homes could yield higher returns in terms of capital appreciation. However, apartments may offer more affordable entry points into the property market and appeal to different segments of renters, such as young professionals or smaller families looking for lower maintenance living options.
Future Market Outlook
The future market outlook for Wildwood is optimistic. Given the strong population growth coupled with steady increases in property values, it’s likely that demand will continue to bolster the real estate market. If economic conditions remain favorable and Wildwood continues to attract new residents due to job opportunities or lifestyle factors, the housing market should maintain its upward trajectory.
However, potential investors and homeowners should remain vigilant about interest rate changes or shifts in local economic conditions which can affect affordability and mortgage costs. Furthermore, monitoring development plans and zoning changes will be crucial for identifying areas within Wildwood that may experience higher than average growth rates or offer untapped investment potential.
In conclusion, while current trends suggest positive movement in Wildwood’s real estate market, maintaining a data-informed approach to investment will be key in capitalizing on future opportunities.
