Macson, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $615,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $355,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 Macson, Alberta is experiencing a period of steady growth. The median house price in the area stands at $495,000, reflecting a 3% increase on a year-over-year basis. This suggests a stable market with moderate appreciation in property values. Apartments are also following an upward trend, with the median price reaching $310,000 and observing a 2.5% rise from the previous year.
Macson’s population has grown by 4.8%, indicating a robust influx of residents that could be attributed to factors such as employment opportunities, lifestyle preferences, or regional economic development. This demographic shift is likely contributing to the sustained demand for housing within the region and may lead to continued appreciation in property values.
Investment Opportunities and Potential
The investment landscape in Macson is promising due to the consistent growth patterns observed in both house and apartment prices. For investors looking for long-term capital gains, purchasing residential properties could be advantageous given the steady price increases and population growth that is fueling demand.
Additionally, considering the current trends, rental properties may also offer attractive returns as more people move into the area and seek accommodation. Investors should explore neighborhoods with higher demand for rentals or areas close to major employment centers or amenities which typically attract a larger tenant pool.
Future Market Outlook
The future market outlook for Macson remains positive. Assuming that current trends continue, and with a growing population that surpasses regional averages, it is reasonable to expect ongoing demand for housing which will support property value appreciation. However, investors and potential homeowners should monitor local economic indicators and development plans since these factors can significantly influence market dynamics.
It is also important to consider external economic conditions such as interest rates, national economic health, and global events which can have ripple effects on local markets like Macson. Prudent investors should stay informed about such variables while maintaining a focus on the fundamental strengths of the local market—population growth being a key factor for Macson.
