Ashmont, 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
1. Current Market Conditions and Trends
The real estate market in Ashmont, Alberta, is characterized by steady growth. The median house price in the area is currently $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes and a relatively stable market. Similarly, the median apartment price stands at $300,000, experiencing a slightly lower growth rate of 2.1% year-over-year.
The population of Ashmont has seen significant growth, with an increase of 7.1%, which suggests that the area is attracting new residents and may be undergoing economic development or expansion. This demographic change can have positive implications for housing demand.
2. Investment Opportunities and Potential
Ashmont presents several attractive investment opportunities, particularly in residential real estate. Investors may find the consistent appreciation in house prices indicative of a robust market with potential for continued capital gains. The steady growth in apartment prices also offers opportunities for investors looking to enter the real estate market at a more accessible price point.
The influx of new residents to the area could drive further demand for rental properties, making buy-to-rent investments particularly appealing. Additionally, as the population increases, there may be opportunities for development projects to meet the growing housing needs.
3. Future Market Outlook
The outlook for Ashmont’s real estate market appears optimistic. Population growth is a strong driver of housing demand and can lead to increased property values over time. Assuming that economic conditions remain favorable and the current population trend continues, it is reasonable to expect that both house and apartment prices may continue to rise steadily.
However, investors and homebuyers should monitor local economic developments, interest rates, and national real estate regulations that could impact market conditions. Staying informed about these factors will be crucial for making sound investment decisions in Ashmont’s dynamic real estate environment.
