Keoma, 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 Keoma, Alberta
In the quaint town of Keoma, Alberta, real estate market conditions demonstrate a steady increase in property values. The median house price stands at a robust $500,000, indicating a healthy demand for single-family homes. This price point reflects a year-over-year growth of 3.5%, which is consistent with the national trend of moderate appreciation in real estate values.
On the other hand, the market for apartments is also showing positive signs with a current median apartment price of $300,000. This sector has experienced a slightly lower year-over-year growth rate of 2.1%, suggesting that while there is interest in multi-family units, it may not be as vigorous as the single-family home market.
The local population has seen a significant surge, boasting a growth rate of 7.1%, which outpaces many other regions. A growing population typically correlates with increased housing demand, making Keoma an attractive location for potential homeowners and investors alike.
Investment Opportunities and Potential in Keoma
The positive trajectory in both the house and apartment markets suggests ample investment opportunities in Keoma. Investors could capitalize on the steady rise in property values by acquiring assets that are likely to appreciate over time. With single-family homes experiencing a higher growth rate than apartments, these properties may offer greater capital gains potential in the medium to long term.
However, the substantial population growth presents an opportunity to invest in apartment buildings and development projects geared towards accommodating the influx of new residents. With careful market analysis and strategic development planning, investing in multi-family units could yield consistent rental income and long-term asset appreciation.
Future Market Outlook for Keoma Real Estate
The future outlook for Keoma’s real estate market remains optimistic given the current trends and demographic data. Assuming that economic conditions remain stable and population growth continues at its current or even lower rates, demand for housing is likely to sustain or increase. This bodes well for both property values and investment returns.
The consistent appreciation in house prices points towards a favorable environment for sellers and long-term investors focused on equity growth. For buyers, particularly those entering the market, now may be an advantageous time to purchase before prices climb further.
In conclusion, Keoma’s real estate market is characterized by steady growth and strong fundamentals supported by ongoing population increases. Both housing sectors—single-family homes and apartments—present viable options for investment with promising return prospects. As always with real estate investments, individual circumstances and risk tolerance should guide decision-making processes.
