Athabasca, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 in Athabasca, Alberta
In Athabasca, Alberta, the real estate market has been experiencing steady growth. The median house price stands at $485,000 with a year-over-year increase of 2.9%. This suggests a stable market condition that is moderately appreciating over time. Similarly, apartments have seen a price trend increase of 2% year-over-year, with the median apartment price reaching $295,000.
The population of Athabasca has grown by 3.3% to approximately 15,500 residents, which may be contributing to the demand for housing and the consequent price increases observed in the market. This steady population growth indicates a healthy local economy and a potentially expanding labour force which could attract further investments into the region.
Another trend observed is a diversified buyer’s market wherein both houses and apartments are appreciating at a similar pace. This diversification suggests that there is balanced demand across different housing types which bodes well for overall market resilience.
Investment Opportunities and Potential in Athabasca
The consistent increase in property values in Athabasca presents attractive investment opportunities. With house prices showing a 2.9% increase and apartment prices a 2% uptick annually, investors can anticipate continued appreciation in their real estate assets over time.
Given the ongoing population growth, there is also potential for rental investments as new residents may look for temporary or long-term rental solutions before purchasing homes. Investors could capitalize on this demographic shift by investing in apartment buildings or rental houses catering to various segments of the market.
The moderate yet steady growth rate ensures that investments are not subject to the volatility seen in some overheated markets, potentially offering more stability for long-term investors looking for sustainable growth rather than quick returns.
Future Market Outlook for Athabasca
The future outlook for the Athabasca real estate market appears positive. Assuming the continuation of current trends such as steady population growth and economic stability, one can expect ongoing demand for residential properties which should support further moderate appreciation in property values.
However, as with any real estate market analysis, it’s crucial to consider broader economic factors such as employment rates, interest rates, and regional economic development plans that may impact future market conditions.
Investors and prospective homebuyers should also monitor policy changes at both provincial and federal levels that could influence mortgage rates and borrowing capacity. These factors could either enhance or dampen the future growth trajectory of Athabasca’s real estate market.
In conclusion, while current trends point towards a healthy and growing real estate environment in Athabasca, stakeholders should maintain an informed perspective by considering both local and broader economic indicators when assessing future opportunities in this locale.
