Kaybob, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.0% |
| 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 Kaybob, Alberta is currently showing a steady growth pattern. With a median house price sitting at $485,000 and experiencing a 2.8% year-over-year increase, the market is indicating a stable upward trend. Similarly, the median apartment price has been observed at $295,000, which has also seen a positive growth rate of 1.9% year-over-year. These figures suggest that the market is healthy and growing moderately.
The population of Kaybob stands at 15,100 residents, with a growth rate of 2.03%. This demographic expansion signifies potential increases in housing demand, further supporting the current market trends towards gradual appreciation in property values.
Investment Opportunities and Potential
For investors looking at the Kaybob real estate market, there are multiple opportunities for both short-term gains and long-term investment strategies. The consistent rise in median prices for houses and apartments indicates that investing in residential properties could yield positive returns as the market continues to grow.
The ongoing population growth further bolsters the potential for rental properties to become lucrative investments due to higher demand for housing. The steady increase in property values provides an opportunity for capital gains over time. Investors should consider diversifying their portfolios with both types of properties to capitalize on the various facets of Kaybob’s real estate potential.
Future Market Outlook
The future outlook for Kaybob’s real estate market remains optimistic. Assuming that current trends persist, including steady population growth and consistent economic factors, it is reasonable to anticipate sustained growth in property values. However, investors should remain vigilant of any changes in local economic conditions or policy changes that could impact the market dynamics.
The challenge remains to accurately predict external influences such as interest rates or broader provincial economic shifts that could affect buyer sentiment and real estate values. Nonetheless, based on current indicators, Kaybob’s property market appears poised to continue its pattern of moderate yet promising growth into the foreseeable future.
