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 real estate market in Wimborne, Alberta has been witnessing steady growth. With a current median house price of $500,000, the market has seen a year-over-year increase of 3.5%. Similarly, apartments are also experiencing growth with a median price of $300,000 and a year-over-year trend of 2.1%. This incremental growth points to a stable and growing housing sector.
The population of Wimborne stands at 15,000 with a significant growth rate of 7.1%. This demographic expansion is likely contributing to the demand for housing in the area and may be a catalyst for the consistent appreciation in property values.
Investment Opportunities and Potential
Given Wimborne’s population growth and its impact on housing demand, both residential properties and rental units present attractive investment opportunities. The steady rise in home prices suggests that investments in real estate could yield considerable capital gains over time. Additionally, the increase in apartment values indicates a potential for rental investments to provide stable income streams as well as appreciation benefits.
For investors looking at long-term prospects, Wimborne’s real estate market appears promising. The town’s ongoing development and population influx can create opportunities for new housing developments, renovations of existing properties, and expansions into the rental market.
Future Market Outlook
The future outlook for Wimborne’s real estate market remains optimistic based on current trends and statistics. With sustained population growth and an economy that supports expansion, it is reasonable to expect that the demand for housing will continue to rise. Consequently, both median house and apartment prices could maintain their upward trajectory.
However, potential investors should be mindful of broader economic conditions that can influence local markets. Keeping abreast of regional economic policies, infrastructure developments, and employment trends will be crucial for making informed investment decisions. As always, due diligence is recommended before engaging in any real estate transactions.
