Windfall, 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 Windfall, Alberta is experiencing a period of steady growth. The median house price currently stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes, which continues to push prices upwards moderately. Similarly, the median apartment price has risen to $300,000, with a somewhat more modest annual increase of 2.1%. The population of Windfall has reached 15,000 inhabitants and is expanding at a robust growth rate of 7.1%, signaling an influx of new residents and potential homebuyers into the market.
Investment Opportunities and Potential
The consistent rise in property values indicates that Windfall represents a resilient investment environment. For investors looking at long-term equity growth, the single-family housing market presents compelling opportunities given the stronger appreciation rate compared to apartments. The high population growth rate also bodes well for rental properties, as an increasing number of people may look for accommodation before committing to homeownership. Investors might want to consider areas within Windfall that are most likely to benefit from infrastructural developments or those in close proximity to amenities, as these factors typically drive up property desirability and value.
Future Market Outlook
The future market outlook for Windfall is promising based on current trends and demographic data. Assuming that economic conditions remain favorable and the local job market stays robust, demand for housing is likely to sustain its upward trajectory. With the significant population growth rate outpacing many other regions, pressure on the housing supply could lead to further price increases unless new construction keeps pace with demand. Investors and homebuyers should monitor local developments closely, as emerging neighborhoods or planned community enhancements can offer indications of where the next hotspots may emerge within Windfall’s real estate landscape.
