Exshaw, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $535,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $460,000 |
| 3 bedrooms | $535,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,300 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Exshaw, Alberta
In Exshaw, Alberta, the real estate market is showing signs of stable growth. The median house price stands at $535,000, reflecting a year-over-year increase of 4.2%. This indicates a steady demand for housing in the area. Similarly, apartment prices have also seen growth, albeit at a slower pace, with the median price currently at $320,000 and witnessing a 2.5% increase from the previous year.
The population in Exshaw has reached 15,500 residents and is continuing to grow at a rate of 3.3% annually. This growth suggests an increasing need for housing and can be seen as a foundational driver of the real estate market’s vitality. The convergence of population growth and rising property values points to strong market conditions that are likely to support continued investment and development.
Investment Opportunities and Potential in Exshaw
Given the current trends in Exshaw’s real estate market, several investment opportunities can be identified. With a consistent increase in property values for both houses and apartments, investors could benefit from capital gains over time. The housing market’s responsiveness to population growth presents potential for both rental and resale markets.
For those looking to enter the rental market, the steady population increase provides a growing pool of potential tenants. Additionally, with single-family homes appreciating at a higher rate than apartments, there may be considerable upside potential for investors focusing on this segment of the market.
It is also worth noting that Exshaw’s proximity to larger cities could make it an attractive option for individuals seeking more affordable housing options outside urban centers. This trend could stimulate further demand for properties in Exshaw, enhancing its investment appeal.
Future Market Outlook for Exshaw
The future market outlook for Exshaw appears promising based on current indicators. The continued population growth is likely to sustain demand for housing and could lead to even more robust growth in property values. Assuming economic conditions remain favorable and no significant external shocks occur, Exshaw’s real estate market may continue along its current trajectory of gradual appreciation.
However, investors should remain cognizant of broader economic trends and local developments that could impact the market. Factors such as interest rates, employment levels within the region, and infrastructure projects could all play roles in shaping the future landscape of Exshaw’s real estate scene.
In conclusion, while present conditions suggest a positive outlook with ample opportunities for investment, careful monitoring of both local factors and wider economic indicators will be key to making informed decisions in Exshaw’s dynamic real estate market.
