Wimborne, 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 Wimborne real estate market has been experiencing a steady growth, as indicated by the current median house price of $500,000, reflecting a year-over-year increase of 3.5%. This upward trend signifies a healthy demand for single-family homes in the area. Similarly, the apartment sector has shown resilience with a more modest year-over-year price increment of 2.1%, bringing the median apartment price to $300,000. This growth trajectory is underpinned by Wimborne’s expanding population, now standing at 15,000 with an impressive growth rate of 7.1%. The sustained population increase suggests a continued demand for housing in both rental and ownership markets.
Investment Opportunities and Potential
The Wimborne housing market presents various investment opportunities. With house prices outpacing apartments in terms of growth rate, investors might find greater capital appreciation potential in the single-family home segment. However, apartments offer a lower entry point at $300,000 and may appeal to investors seeking rental income, particularly as the population continues to rise. The consistent increase in property values indicates that investments made in the current market conditions are likely to appreciate over time, making Wimborne an attractive prospect for both short-term and long-term real estate investment strategies.
Future Market Outlook
Looking ahead, the future outlook for Wimborne’s real estate market appears promising. The robust population growth is expected to persist, driven by factors such as economic development and an influx of new residents attracted by employment opportunities and quality of life. As demand for housing is projected to remain strong, property values are likely to continue their upward trend. While external economic factors can impact market dynamics, current indicators suggest that investing in Wimborne’s real estate is poised to be a prudent decision with potential for appreciable returns on investment.
