Carstairs, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.9% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
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 | $440,000 |
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) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carstairs, Alberta is currently experiencing steady growth. With a median house price of $485,000, the market has seen a 3.2% year-over-year increase. Similarly, the median apartment price stands at $295,000, which has risen by 2% year-over-year. This moderate price appreciation indicates a healthy market that is growing at a sustainable pace.
The population of Carstairs has reached approximately 15,500 residents, with a noteworthy annual growth rate of 3.3%. This demographic expansion suggests that the demand for housing may continue to rise, further impacting the real estate market conditions positively.
Investment Opportunities and Potential
The consistent growth in property values coupled with an expanding population base highlights the potential for real estate investment in Carstairs. The current trends suggest that investing in residential properties could yield favorable returns due to the steady demand driven by population growth.
In particular, single-family homes, given their higher median price and stronger year-over-year price trend, might offer more significant capital gains over time. Furthermore, apartments, with their more accessible price point, present opportunities for investors looking to enter the market or expand their rental property portfolios.
Future Market Outlook
Looking ahead, the future market outlook for Carstairs appears optimistic. The ongoing population growth is likely to sustain demand for housing, which may lead to continued appreciation in property values. Assuming economic stability and supportive local policies remain in place, Carstairs’ real estate market could maintain its upward trajectory.
However, investors and homebuyers should stay informed about potential changes in interest rates, economic conditions, and regional development plans that might influence the market dynamics. Diligent monitoring of these factors will be critical for making informed decisions in this evolving market landscape.