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Calahoo, Alberta Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.6%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
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 $350,000
3 bedrooms $420,000

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) 1.5
Land Area (km²) 2,500.5

Market Analysis





Calahoo, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

In Calahoo, Alberta, the real estate market is currently experiencing a steady increase in property values. The median house price stands at $485,000, which represents a 4% year-over-year growth. This increment indicates a healthy demand for single-family homes in this region. Similarly, apartments have seen a price increase as well, with the median apartment price reaching $295,000, following a 2.5% year-over-year trend. This suggests that the market for smaller residences or investment properties such as apartments is also growing, albeit at a slightly slower pace.

The population of Calahoo has grown to 15,500 residents, with a significant growth rate of 3.3%. This demographic expansion underpins the demand for housing and contributes to the steady appreciation in property values.

Investment Opportunities and Potential

The consistent rise in property values coupled with robust population growth presents attractive investment opportunities within Calahoo’s real estate market. Investors could potentially benefit from both capital gains through property value appreciation and rental income due to increased housing demand. The current trends favor long-term investments in both residential houses and apartments.

The more moderate price point of apartments offers an accessible entry into the market for new investors or those looking to diversify their portfolio. Given the positive trajectory of apartment prices, there is potential for these investments to yield considerable returns over time.

Future Market Outlook

The future outlook for Calahoo’s real estate market appears promising. The combination of ongoing population growth and sustained increases in property values suggests that demand will continue to bolster the market. If these trends persist, investors and homeowners can expect continued appreciation of their real estate assets.

However, it is essential to monitor economic factors that can influence the housing market such as employment rates, interest rates, and regional development plans. Should these remain favorable, Calahoo’s real estate market is likely to maintain its upward trajectory, solidifying its reputation as an attractive location for both living and investing.