Bassano, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| 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 | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bassano, Alberta currently exhibits stable growth with a median house price standing at $485,000, marking a year-over-year increase of 2.8%. This steady upward trend reflects a healthy demand for housing in the area. Meanwhile, the median apartment price is also on the rise at $295,000, showing a more modest year-over-year growth of 2.3%. The town’s population has grown to 15,000 residents, with an impressive growth rate of 3.4%, likely contributing to increased housing demand and supporting the positive pricing trends we’re observing.
Investment Opportunities and Potential
In terms of investment opportunities, Bassano’s real estate market offers potential for both residential and rental property investments. The steady increase in both house and apartment prices suggests that purchasing property in this market could yield capital gains over time. Furthermore, the significant population growth presents an opportunity for investors looking to enter the rental market, as more people may be seeking homes to rent. Given the current trends, properties in Bassano could offer favorable returns on investment due to the ongoing demand.
Future Market Outlook
The future outlook for Bassano’s real estate market appears promising. The consistent population growth at a rate of 3.4% is expected to continue driving demand for housing in the region. If these demographic trends persist alongside economic stability, both house and apartment prices may see sustained growth over the coming years. Investors and homeowners should keep an eye on local developments such as infrastructure projects or changes in employment rates, which could further influence the market dynamics.
This analysis points towards a cautiously optimistic outlook for Bassano’s real estate market with potential for ongoing growth and investment opportunities provided that current conditions hold steady.
