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 in Keheewin, Alberta
As of the most recent data, Keheewin’s real estate market is experiencing steady growth. The median house price in the area is currently at $500,000, with a positive year-over-year trend of 3.5%. This indicates a stable increase in property values, reflecting a healthy demand for single-family homes. Similarly, the median apartment price stands at $300,000 with a growth trend of 2.1% over the past year. This moderate appreciation rate suggests that the market for apartments is also expanding, albeit at a slightly slower pace than houses.
The population of Keheewin has reached approximately 15,000 residents with an impressive growth rate of 7.1%. This significant increase can be attributed to several factors including the area’s economic opportunities, quality of life, and its appeal to both young professionals and families looking for a community to settle in.
Investment Opportunities and Potential in Keheewin
The consistent growth in property values coupled with the robust population increase suggests strong investment potential in Keheewin’s real estate market. Investors may find opportunities particularly in single-family homes which are currently showing higher appreciation rates. With the substantial population growth, demand for housing is likely to continue to rise, which could lead to further increases in property values and rental rates over time.
Apartments also present a viable investment opportunity due to their lower entry price point and steady appreciation trend. Given the diverse demographic attracted to Keheewin, rental properties such as apartments may benefit from sustained demand as new residents look for flexible living options.
Overall, the real estate market in Keheewin offers potential for both capital gains through property value appreciation and income generation through rentals.
Future Market Outlook for Keheewin Real Estate
The outlook for Keheewin’s real estate market remains positive based on current trends and demographic data. Assuming the continuation of current economic conditions and population growth patterns, one can expect ongoing upward pressure on both house and apartment prices. The area’s attractiveness due to its amenities and lifestyle options continues to draw new residents who contribute to a dynamic housing market.
While forecasting real estate markets always comes with uncertainty, particularly with external economic factors at play, Keheewin appears poised for continued growth. Investors and homebuyers alike should monitor key indicators such as employment rates, infrastructure development projects, and interest rate trends which can all influence future market conditions.
In conclusion, careful consideration of market data suggests that Keheewin presents attractive opportunities for real estate investment with favorable conditions expected to persist in the near term.
