Haynes, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.3% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $410,000 |
3 bedrooms | $495,000 |
4 bedrooms | $580,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
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 Haynes, Alberta currently presents stable growth, with the median house price sitting at $495,000, marking a 3.3% year-over-year increase. This steady rise suggests a healthy demand for housing that is likely supported by the local economic conditions and demographic trends. Similarly, the median apartment price has seen a moderate uptick to $295,000, which corresponds to a 2% year-over-year growth. The population of Haynes has been growing at a rate of 3.3%, which is likely contributing to the consistent demand for residential properties.
Investment Opportunities and Potential
The investment landscape in Haynes appears promising given the ongoing upward trajectory in property values. Considering the median house price growth outpaces that of apartments, single-family homes may present more significant capital appreciation potential in the short to medium term. However, apartments could be an attractive option for investors focusing on rental income, as their lower entry price points could yield favorable rental yield percentages, particularly if the population continues to grow and demand for more affordable living options increases.
Future Market Outlook
Moving forward, the future market outlook for Haynes remains optimistic. With a robust population growth of 3.3%, continued demand for residential properties is anticipated. Should local economic factors remain favorable and support job creation and retention, the real estate market is likely to maintain its upward momentum. Careful observation of interest rate trends and housing supply will be crucial as these factors can significantly influence market dynamics. Investors and homebuyers should stay informed about regional development plans that could further affect property values and desirability within Haynes.