Caslan, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Caslan, Alberta is currently characterized by steady growth. The median house price in the region stands at CAD $500,000, showing a year-over-year increase of 3.5%. This increment reflects a healthy demand for single-family homes amidst a stable economic backdrop.
Similarly, the apartment market is experiencing a positive trend with the median price at CAD $300,000 and witnessing a 2.1% year-over-year growth. These trends are indicative of a balanced market that is neither too hot nor too cold, providing opportunities for both sellers to fetch competitive prices and buyers to find value in their investments.
Investment Opportunities and Potential
Investment potential in Caslan’s real estate market remains robust, particularly considering the consistent population growth of 7.1%. This demographic trend suggests an increasing demand for housing which could further drive property values over time.
For investors looking at the long-term horizon, single-family homes present an opportunity given their higher appreciation rate of 3.5% compared to apartments. Moreover, rental properties could benefit from the growing population as newcomers seek accommodation, potentially leading to a reduction in vacancy rates and an increase in rental yields.
Future Market Outlook
The future outlook for Caslan’s real estate market appears optimistic. Demographic trends such as population growth coupled with economic stability pave the way for sustained demand in housing. If these trends continue, both the house and apartment markets are likely to see further price growth.
Investors should monitor local economic developments and infrastructure projects that may impact the real estate market. However, barring any unforeseen economic shocks or significant policy changes impacting property ownership or taxation, Caslan’s market is poised for continued moderate growth in line with recent trends.
