Kameyosek, 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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 in Kameyosek, Alberta
In Kameyosek, Alberta, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for residential properties and a robust market that is likely to attract both homebuyers and investors. Moreover, the median apartment price is $300,000, which has been rising at a slightly more moderate pace of 2.1% year-over-year. This suggests that apartments are also in demand but may be facing different market dynamics compared to houses.
The local population has reached 15,500 and is growing at a rate of 3.3%, which further supports the sustained demand for housing in the area. An influx of new residents typically leads to increased demand for housing, putting upward pressure on real estate prices and potentially leading to lower vacancy rates.
Investment Opportunities and Potential in Kameyosek
With solid growth in both house and apartment prices, Kameyosek offers promising investment opportunities. The consistent increase in property values indicates a stable market where real estate investments have the potential for capital appreciation over time. Additionally, the strong population growth rate suggests that rental properties could also be a lucrative option for investors seeking steady income streams.
Investors looking to capitalize on the housing market might consider targeting single-family homes due to their higher year-over-year price increase compared to apartments. However, apartments should not be overlooked as they offer a more affordable entry point into the market and may appeal to a broader range of renters.
Future Market Outlook for Kameyosek Real Estate
The future market outlook for Kameyosek’s real estate appears optimistic based on current trends. If the population continues to grow at its current rate or higher, it can be expected that demand for housing will keep driving up property values. The steady price increase in both houses and apartments suggests that this upward trajectory is likely to continue in the near term.
However, potential investors and homebuyers should also consider external economic factors such as interest rates, employment rates, and regional economic development projects that could influence future market conditions. Nonetheless, if Kameyosek maintains its attractiveness as a place to live and work, its real estate market is poised for continued growth and remains an appealing prospect for both buyers and investors alike.
