Clairmont, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Clairmont, Alberta is currently experiencing stable growth. The median house price in the area stands at $500,000, with a healthy year-over-year increase of 3.5%. This suggests a steady demand for single-family homes and a robust housing sector. Meanwhile, the median apartment price is $300,000, which has risen by 2.1% from the previous year, indicating a slightly lower but still positive trajectory for multi-family dwellings. The local population has reached approximately 15,000 residents, with a significant population growth rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing in Clairmont.
Investment Opportunities and Potential
The ongoing population growth paired with consistent increases in property values points to promising investment opportunities in Clairmont’s real estate market. Single-family homes present an appealing prospect due to their higher appreciation rate, while apartments offer entry points at a lower price bracket, which may attract first-time investors or those looking for rental properties. Moreover, the steady rise in property prices indicates a potential for long-term capital gains for both types of properties. Investors should also consider the region’s economic drivers and future infrastructure developments that could bolster property values further.
Future Market Outlook
The outlook for Clairmont’s real estate market remains optimistic given current trends and demographic factors. The consistent population growth is expected to sustain demand for housing and could push property values higher as supply strives to keep up. If the current trends continue, we may anticipate further gradual increases in both house and apartment prices. However, prospective investors and homeowners should stay informed on local economic developments and be mindful of broader provincial or national economic shifts that could influence the market dynamics.
