Kathyrn, 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 real estate market in Kathryn, Alberta is currently experiencing a steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing consistent appreciation. The apartment sector is also witnessing a positive trajectory, albeit at a slightly slower pace, with median prices at $300,000 and an annual growth rate of 2.1%. This growth can be attributed to the robust population expansion of 7.1%, indicating a healthy demand for housing in the area.
Investment Opportunities and Potential
Given the upward trends in both housing and apartment sectors, Kathryn presents promising investment opportunities. Residential properties offer stable appreciation potential, with single-family homes leading in terms of value gain. Investors may find apartments an attractive option due to their lower entry price point and steady growth rate. The demographic expansion suggests that rental demand is likely to increase, potentially yielding considerable returns for landlords and property managers. Moreover, new developments or renovation projects could capitalize on the growing population’s need for modern housing solutions.
Future Market Outlook
The future market outlook for Kathryn remains optimistic. Predictions are based on the continuous population growth which drives demand for more housing units. Assuming current economic conditions persist, we can expect real estate prices to maintain a gradual upward momentum. Long-term investors are likely to benefit from this steady market appreciation. However, as with any investment, it’s crucial to monitor economic indicators closely, such as employment rates and local industry performance, which could affect the real estate market dynamics.
