Embarras, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| 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 | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Embarras, Alberta
The real estate market in Embarras, Alberta has been experiencing a steady growth in terms of housing prices. The median house price currently stands at $485,000, which represents a 2.8% increase year-over-year. This increment indicates a healthy demand for single-family homes in the area, reflecting a stable real estate climate.
Similarly, the median apartment price has seen a modest rise to $295,000, climbing at a 1.9% year-over-year rate. This signals that the market for apartments is also growing but at a slightly slower pace compared to houses. Such differentiation in growth rates may suggest that different housing types are catering to diverse buyer segments.
The town’s population has reached 15,500 and is on an upward trajectory with a population growth rate of 3.3%. This demographic expansion underpins the increasing housing demand, contributing to rising property values and sustained market activity.
Investment Opportunities and Potential
The consistent growth in both the house and apartment sectors suggests that Embarras presents attractive investment opportunities. The ongoing population increase implies a growing rental market, potentially yielding favorable returns for landlords and property investors targeting both long-term capital gains and rental income streams.
Given the positive trajectory of the housing prices and demographic trends, investing in new developments or existing properties could be lucrative, particularly if these trends persist. Investors should consider areas within Embarras that are witnessing higher demand or those slated for infrastructure improvements that could boost property values further.
Future Market Outlook
The future market outlook for Embarras remains optimistic based on current data. Should the population continue to grow at or above the present rate of 3.3%, it is expected that housing demand will remain robust. If economic conditions within Alberta remain favorable, supporting employment opportunities and income growth, the housing market is likely to benefit from these macroeconomic factors.
Potential headwinds such as interest rate hikes or broader economic downturns could moderate growth; however, given the solid foundation indicated by current trends, the market is poised to maintain its health over the short to medium term. In conclusion, stakeholders should monitor key economic indicators closely while recognizing Embarras’s strong market fundamentals when making real estate decisions.
