Exshaw, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 current real estate market in Exshaw, Alberta, is experiencing a steady growth pattern. The median house price in the region is currently $500,000, which marks a 3.5% year-over-year increase. This trend indicates a healthy demand for detached homes and a competitive market environment.
Apartments in Exshaw are also seeing growth, albeit at a slower pace. The median apartment price stands at $300,000, with a 2.1% year-over-year growth rate. This suggests that while the apartment market is growing, it is doing so at a more modest rate compared to houses.
The population of Exshaw is currently around 15,000 residents, with an impressive population growth rate of 7.1%. This influx of new residents is likely fueling housing demand and can be partially attributed to the positive trends in property values.
Investment Opportunities and Potential
Given the steady upward movement in housing prices and significant population growth, Exshaw presents a number of promising investment opportunities. Investors might consider capitalizing on the increasing demand for single-family homes due to the higher growth rate observed in this sector.
The apartment market, while growing at a slower pace, could still present an opportunity for those looking to invest in rental properties. With the population increase, there will likely be continued demand for more affordable housing options such as apartments.
Furthermore, with Exshaw’s robust population growth, there may be potential for development projects that can cater to newcomers, such as mixed-use developments that combine residential and commercial spaces.
Future Market Outlook
The future outlook for Exshaw’s real estate market remains optimistic. Assuming current economic conditions persist and the area continues to attract new residents at a similar or greater pace, we can expect both house and apartment prices to maintain an upward trajectory.
The sustained population growth should continue to support housing demand. Additionally, if Exshaw manages to attract new businesses or industries that lead to job creation, this could further bolster the real estate market by increasing the number of prospective homebuyers and renters.
In summary, based on current trends and data available up until 2023, Exshaw’s real estate market shows potential for continued growth both in terms of property valuation and investment opportunities. Prospective investors should monitor local economic developments closely as these will play a crucial role in shaping the future landscape of this vibrant real estate market.
