Caslan, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 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) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,000 |
| 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 Caslan, Alberta, is experiencing a steady growth pattern. The median house price currently stands at $485,000, reflecting a year-over-year increase of 3.2%. This consistent growth indicates a robust market that is maintaining its upward trajectory. Similarly, the apartment sector is showing positive momentum with the median price at $295,000 and an annual appreciation of 2.5%. These trends highlight a balanced demand for both single-family homes and multi-family units in the area.
Investment Opportunities and Potential
Investors looking to enter the Caslan real estate market can find significant opportunities. With population growth outpacing the national average at 3.45%, there is an increasing demand for housing which can lead to higher rental occupancy rates and potential for capital gains. The current price trends suggest a favorable climate for long-term investment strategies, given that both segments of the housing market—houses and apartments—are appreciating steadily.
Future Market Outlook
The future outlook for Caslan’s real estate market remains positive based on current indicators. The ongoing population increase signals sustained demand for housing over the coming years. Assuming no major economic disruptions occur, the current appreciation rate in housing prices is likely to continue, making Caslan an attractive market for investors and homeowners alike. Monitoring economic factors such as employment rates, infrastructure developments, and interest rates will be crucial in forecasting any shifts in this upward trend.
