Claresholm, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $325,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| 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 Claresholm, Alberta is currently experiencing moderate growth. With a median house price of $485,000 and an upward trend of 2.9% year-over-year, the market is showing steady appreciation. The median apartment price stands at $295,000, which has also seen a growth of 1.5% year-over-year. This consistent rise in property values indicates a healthy market that may attract homeowners and investors alike.
Claresholm’s population has grown by 2.03%, suggesting an increase in demand for housing as more people move to the area. This growth can contribute to a dynamic real estate market with the potential for continued property value appreciation.
Investment Opportunities and Potential
With the current trends in property value increases, Claresholm presents several investment opportunities. The steady rise in median house prices suggests room for capital gains for those looking to invest in residential properties. Apartments, with a lower entry price point and a 1.5% year-over-year increase in value, offer an alternative for investors seeking rental income or a more affordable investment option.
Investors should also consider the demographic trends and population growth when evaluating potential investments. As the population continues to expand, there will likely be an increased demand for various types of housing, including single-family homes, apartments, and senior living facilities.
Future Market Outlook
The future outlook for Claresholm’s real estate market appears positive based on current trends. Continued population growth should sustain the demand for housing, supporting further appreciation in property values over time. However, investors and homebuyers should stay informed about local economic developments and national policy changes that could impact interest rates or mortgage availability.
Furthermore, as the town evolves and potentially attracts new businesses or infrastructure projects, these factors could further bolster the real estate market’s strength. Monitoring such changes will be essential for those interested in capitalizing on Claresholm’s real estate potential.
