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 currently experiencing steady growth. With a median house price of $500,000, there has been a year-over-year increase of 3.5%, indicating a healthy demand for single-family homes in the area. Similarly, apartments are seeing growth with a median price of $300,000 and a trend showing a 2.1% year-over-year increase. This suggests that both segments of the housing market are appreciating, though houses are doing so at a faster pace.
The population of Windfall stands at 15,000 residents, with a robust growth rate of 7.1%. Such significant population growth can be attributed to various factors such as employment opportunities, lifestyle quality, and immigration, all contributing to the increasing housing demand.
Investment Opportunities and Potential
The positive trends in Windfall’s property market suggest ample investment opportunities. The more pronounced increase in house prices indicates a possibly higher demand for single-family homes, which could be attractive to investors looking for properties that are likely to appreciate in value. The consistent growth in apartment prices also presents potential for those interested in purchasing units for rental income or resale.
An important consideration for investors is the sustained population growth. As more people move into the community, the need for housing will likely continue to rise. This could lead to both short-term gains through flipping properties or long-term income through rentals.
Future Market Outlook
The outlook for the Windfall real estate market remains optimistic based on current trends and demographic data. Assuming no significant economic disruptions occur, the combination of steady price increases and strong population growth creates a promising environment for continued real estate development and investment.
In light of these factors, investors might find it prudent to act sooner rather than later to capitalize on current trends before the market adjusts to increased demand with potentially higher property values and possible tightening of inventory.
Overall, Windfall’s real estate market shows signs of vitality and resilience, suggesting that it may be well-positioned to offer favorable returns on investment moving forward.
