Altario, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Altario, Alberta is currently experiencing a steady growth, with median house prices at $485,000, representing a 3.2% year-over-year increase. This indicates a resilient market that continues to attract buyers despite broader economic uncertainties. The median apartment price stands at $295,000, with a slightly lower growth rate of 2.5% year-over-year. These incremental rises suggest a balanced market that is not overheating but still offers healthy capital appreciation for homeowners and investors alike.
Investment Opportunities and Potential
With consistent growth in property values, Altario presents promising investment opportunities, notably for those looking to enter the housing market or diversify their investment portfolio. The solid growth rates for both houses and apartments imply that investments in these types of properties are likely to benefit from continued appreciation. Moreover, the population of 15,300 is growing at a rate of 2% annually, which could drive demand for housing further and potentially push property values up over time. This demographic trend coupled with the current price movements suggests that investments made now could realize significant potential in the medium to long term.
Future Market Outlook
The future outlook for Altario’s real estate market appears optimistic. With ongoing population growth and steady price increases, the demand for housing is expected to remain robust. Investments in residential properties are likely to be underpinned by these fundamentals and may offer sustained returns. However, as with any investment, potential economic headwinds and changes in interest rates could affect market dynamics. It is advisable for investors to stay informed on local and national economic trends when considering real estate transactions in Altario.
