Ashmont, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,400 |
| Population Change | 4.2% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Ashmont, Alberta, the real estate market is currently experiencing steady growth. The median house price stands at $495,000, reflecting a year-over-year increase of 3.4%. This suggests a healthy demand for single-family homes within the region. In contrast, the median apartment price is $295,000, with a slightly lower growth trend of 2.3% over the same period.
This growth can be viewed in light of Ashmont’s increasing population, which has recently grown by 4.2%. The influx of new residents may be contributing to a more dynamic housing market and could indicate a rising interest in both purchase and rental properties.
The real estate market here seems to balance well between supply and demand, preventing any significant inflation or deflation in property values. Such stability offers both buyers and sellers confidence in the viability of their real estate transactions.
Investment Opportunities and Potential
Ashmont’s growing population and consistent increase in property values present promising investment opportunities. For investors looking at long-term equity growth, single-family homes are particularly attractive due to the higher annual appreciation rate compared to apartments.
Investors interested in rental properties may find apartments appealing due to their lower entry cost and competitive year-over-year price increase. Given the population growth, there is likely sustainable demand for rental units, potentially translating into stable income streams for landlords. The diversity in property types ensures that there are investment opportunities suited for various risk profiles and capital investments.
Future Market Outlook
The future of Ashmont’s real estate market appears optimistic. Considering the steady population growth paired with consistent property value increases, it is reasonable to expect these trends to continue in the near term. As long as economic conditions remain favorable and the local job market stays robust, Ashmont could experience sustained demand for housing.
However, prospective investors should monitor local development plans and potential shifts in economic policies that may impact property values. Diversifying investment portfolios across different types of properties could mitigate risks associated with market fluctuations.
In conclusion, Ashmont presents itself as an attractive option for both residential homebuyers and real estate investors looking for stable market conditions with room for growth.
