Clairmont, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $435,000 |
Demographics
| Current Population (2024) | 15,400 |
| Previous Population (2019) | 14,800 |
| Population Change | 4.1% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Clairmont, Alberta, is currently experiencing steady growth as indicated by the median house price of $495,000, which reflects a year-over-year increase of 3.4%. Similarly, the median apartment price has seen a more moderate growth rate of 2.3% over the past year, reaching a value of $295,000. These trends suggest a healthy demand for housing in the area. The population of Clairmont has grown to 15,400 residents, with a significant population growth rate of 4.05%, which is likely contributing to the demand for housing and supporting the rising property values.
Investment Opportunities and Potential
The real estate market in Clairmont presents attractive investment opportunities for both residential and multi-unit properties. The consistent growth in house prices provides a positive environment for real estate investors looking for capital appreciation. Furthermore, the growing population may increase demand for rental properties, indicating potential for investors interested in generating rental income. With apartment prices growing at a slightly lower rate than houses, there may be an opportunity to enter the market at a more accessible price point while still benefiting from the overall upward trend.
Future Market Outlook
The future outlook for Clairmont’s real estate market appears promising. Continued population growth should support ongoing demand for housing. If economic conditions remain stable and interest rates are favorable, the current trends of gradual increases in property values are likely to persist. However, investors should monitor local economic factors and any changes in regulatory policies that could affect market dynamics. It is advisable to conduct thorough due diligence and consider long-term trends when making investment decisions in this market.
