Breynat, 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 Breynat, Alberta shows consistent growth with the median house price currently standing at $500,000, marking a year-over-year increase of 3.5%. This steady rise in housing prices indicates a strong market that is favorable for sellers and may suggest a competitive environment for buyers. On the other hand, the median apartment price is set at $300,000, with a more modest year-over-year growth of 2.1%. The discrepancy between house and apartment price trends could signal a shift in demand towards more affordable housing options or a relative abundance of higher-end homes.
Investment Opportunities and Potential
With a robust population growth of 7.1%, Breynat is experiencing an influx of residents which may drive the demand for housing even higher. Investors could take advantage of this by focusing on properties that cater to the needs of this growing population. The current trends suggest that houses are appreciating at a faster rate than apartments, which may present an opportunity for those looking to invest in single-family homes or potential development projects that can capitalize on this demand.
Future Market Outlook
The future market outlook for Breynat, Alberta remains optimistic given its healthy population growth rate and consistent appreciation in property values. If these trends continue, investors and homeowners can expect sustained growth in their property values over time. However, it is important for stakeholders to monitor external factors such as economic shifts, interest rates, and local policy changes that could impact the market dynamics. Careful analysis and strategic planning will be crucial for those looking to enter or expand their footprint in Breynat’s real estate market.
