Calmar, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $325,000 |
| 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
Current Market Conditions and Trends
The real estate market in Calmar, Alberta, has been exhibiting steady growth over the past year. The median house price currently stands at $485,000, reflecting a year-over-year increase of 4%. This indicates a healthy market with moderate appreciation rates that could benefit homeowners and investors alike. Similarly, the median apartment price has risen to $295,000, presenting a year-over-year growth trend of 2.5%. This slower growth rate suggests that apartments are a more accessible entry point into the market for first-time buyers or those with more modest budgets.
The population of Calmar has reached approximately 15,500 residents, with a notable population growth rate of 3.3%. This demographic expansion is likely fueling demand for housing in the area and may lead to increased competition for available properties.
Investment Opportunities and Potential
Investors considering the Calmar real estate market have promising prospects due to the consistent appreciation in property values. The positive trend in median house prices implies that purchasing residential real estate could yield significant returns over time. Rental properties may also be desirable investments given the population growth, potentially leading to higher rental demand and attractive yields for landlords.
Apartments offer an alternative investment opportunity, particularly appealing to those looking to diversify their portfolios or enter the real estate market at a lower price point. With a slower appreciation rate compared to houses, apartments in Calmar might provide long-term capital gains while serving as affordable housing options for residents.
Future Market Outlook
The future outlook for Calmar’s real estate market remains optimistic. Given the stable growth in property values and ongoing population increase, demand for housing is expected to sustain or possibly intensify. Barring any unforeseen economic events or policy changes that could impact the housing sector, Calmar’s real estate market should continue on its trajectory of gradual growth.
In conclusion, Calmar presents attractive opportunities for homebuyers and investors alike. Those who act prudently and consider both current trends and long-term projections may find rewarding prospects within this dynamic market.
