Carstairs, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.0% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $495,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $345,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,300 |
Previous Population (2020) | 15,000 |
Population Change | 2.0% |
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 Carstairs, Alberta is currently characterized by modest growth. The median house price in the area stands at $495,000, reflecting a year-over-year increase of 3%. This trend indicates a stable market that is experiencing gradual appreciation in housing values. Similarly, apartment prices have seen a rise, with the median price point now at $295,000, which marks a 2% year-over-year increase.
The population of Carstairs has reached approximately 15,300 residents and is growing at a rate of 2% per annum. This steady population growth contributes to the demand for housing in the region and supports the current market trends.
Investment Opportunities and Potential
The investment potential in Carstairs is evident from the steady price increases observed across both housing and apartment markets. For investors looking for long-term capital gains, single-family homes present a viable option given their higher rate of appreciation. Apartments offer a more accessible entry point into the market and may appeal to those interested in rental income opportunities or more affordable investments.
In addition to residential real estate, Carstairs’ growing population suggests that there may also be opportunities in commercial real estate development to cater to the expanding community needs.
Future Market Outlook
The future outlook for the Carstairs real estate market remains positive. The consistent population growth coupled with gradual property value increases points towards ongoing stability and potential for continued growth. As such, both homebuyers seeking residences and investors looking for worthwhile ventures will find Carstairs an attractive option.
Assuming that local economic conditions remain favorable and no significant external shocks occur, we can anticipate that the real estate market in Carstairs will maintain its upward trajectory at a sustainable pace over the coming years.