Barons, 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 Barons, Alberta is currently experiencing a steady growth in property values. With a median house price sitting at $500,000, the market has seen an upward year-over-year trend of 3.5%. Similarly, the median apartment price is marked at $300,000, with a slower yet positive year-over-year growth of 2.1%. This reflects a healthy and growing market.
The population of Barons has reached approximately 15,000 residents, which is indicative of a robust population growth rate at 7.1%. This suggests that the demand for housing is likely to remain strong as more people move into the area seeking residence.
Investment Opportunities and Potential
The consistent rise in home prices coupled with significant population growth positions Barons as an attractive location for real estate investment. The current trends suggest that the demand for both houses and apartments will continue to rise, offering potential for capital appreciation on investment properties.
For investors looking at the long-term horizon, single-family homes present a solid opportunity given their stronger appreciation trend. On the other hand, apartments might appeal to investors seeking more affordable entry points into the market or those looking to cater to individuals or smaller households who may prefer renting over homeownership.
Future Market Outlook
The future outlook for Barons’ real estate market appears promising. The sustained population growth is expected to drive demand for housing, whilst economic stability and employment opportunities within the region are likely to support this demand.
If current trends persist, property values should continue to appreciate at a healthy rate. Investors and homeowners should remain optimistic but also vigilant of macroeconomic factors that could influence mortgage rates, construction costs, and overall affordability which in turn could impact market dynamics.
In conclusion, Barons represents a vibrant and growing market with strong fundamentals backing its real estate sector’s ongoing expansion. Stakeholders are encouraged to monitor key indicators closely to make informed decisions about entering or adjusting positions within this market.
