Keheewin, 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 Keheewin, Alberta, is currently characterized by steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a moderate but consistent appreciation in property values, suggesting stability in the housing market. Similarly, apartments are also experiencing a positive trend with a median price of $300,000 and an annual growth rate of 2.1%. These trends are underpinned by a robust population growth of 7.1%, signaling a healthy demand for housing in the region.
Investment Opportunities and Potential
The current trends in Keheewin’s real estate market present compelling opportunities for investors. The steady appreciation of house and apartment prices suggests that investments made now could yield solid returns in the medium to long term. The significant population growth further bolsters investment potential as it often leads to increased rental demand, which can be beneficial for those looking to invest in rental properties.
Additionally, with house prices growing at a faster rate than apartments, investors may find greater capital gains potential in purchasing single-family homes. However, those looking for lower entry points or seeking to cater to individuals and smaller households may still find value in the more modestly appreciating apartment sector.
Future Market Outlook
The future outlook for Keheewin’s real estate market remains optimistic based on current data. The ongoing population increase suggests that demand for housing will continue to rise, supporting further property value appreciation. Assuming similar economic conditions persist, the region can anticipate continued growth in both the housing and apartment markets.
The consistency in price trends over recent years provides confidence not only to individual homebuyers but also to real estate investors looking towards long-term investment horizons. As such, Keheewin stands out as an attractive market within Alberta for both residential living and investment opportunities.
