Kavanagh, 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 Kavanagh, Alberta currently presents a stable growth pattern. With the median house price at $500,000 and experiencing a year-over-year increase of 3.5%, the residential market demonstrates healthy appreciation. This trend suggests a growing demand for housing in the area. Similarly, the median apartment price is set at $300,000 with a more modest growth rate of 2.1% year-over-year. The consistent upward trend across both housing types indicates a balanced expansion that aligns with the overall economic stability.
Investment Opportunities and Potential
Investors looking into the Kavanagh real estate market will find potential in both the single-family home and apartment sectors. Given the steady increase in property values, long-term investments could yield substantial returns as market projections continue to be positive. The town’s population has seen a significant growth of 7.1%, which may lead to an increased demand for housing, suggesting that now may be an opportune time to invest in rental properties or land development projects.
Future Market Outlook
The future outlook for Kavanagh’s real estate market remains optimistic given current trends and demographic data. The population growth of 7.1% is particularly indicative of an expanding market base that could sustain and possibly accelerate the current rate of property value appreciation. If this population trend continues, it would further stimulate demand for housing in Kavanagh, potentially leading to greater investment opportunities and higher property values over time.
