Carseland, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.9% |
Apartment
Median price | $295,000 |
Monthly growth | 0.7% |
Quarterly trend | 1.8% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
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 | 5,800 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carseland, Alberta, is currently experiencing steady growth. With a median house price of $485,000 and a year-over-year increase of 2.8%, the market is showing signs of healthy demand and moderate appreciation. Similarly, the median apartment price stands at $295,000, with a slightly lower year-over-year trend of 1.8%. This differential suggests that while both segments of the housing market are growing, single-family homes are in higher demand relative to apartments.
Additionally, the population of Carseland has seen a significant growth rate of 3.3%, which can be indicative of an influx of residents seeking housing opportunities within the area. This demographic shift is likely contributing to the increased demand for housing and could potentially lead to tighter inventory levels if supply does not keep pace with population growth.
Investment Opportunities and Potential
Given the current trends and demographic data, investment opportunities in Carseland appear promising. The steady growth in property values coupled with a robust population increase suggests that there is ongoing and perhaps expanding demand for housing. Investors might consider capitalizing on this momentum by investing in residential properties that cater to the preferences of the growing population.
With single-family homes showing stronger price growth than apartments, investors may find greater potential in this segment of the market. However, apartments could also be an attractive option for those looking to cater to individuals or smaller households who may prefer more affordable or low-maintenance living arrangements.
Long-term investors should monitor developments related to local economic factors and any potential changes in migration patterns that could impact rental demand or property values over time.
Future Market Outlook
The future market outlook for Carseland remains optimistic based on current indicators. The sustained population growth is likely to continue fueling demand for both rental and owner-occupied housing. If this demographic trend persists alongside a stable economy, it could result in a continued upward trajectory for property prices.
However, investors and stakeholders should remain vigilant regarding macroeconomic factors such as interest rates, employment rates, and regional economic development that could influence buyer affordability and overall market health.
In conclusion, while present conditions indicate a favorable environment for real estate investment in Carseland, careful attention to evolving market dynamics will be crucial for long-term success.