Marwayne, 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 Marwayne, Alberta
The real estate market in Marwayne, Alberta currently presents a stable environment with a positive growth trend. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This steady uptick in home values suggests that the market is experiencing healthy demand, likely driven by the notable population growth of 7.1%. This demographic expansion is a key factor underpinning the real estate dynamics in the area.
For apartments, the median price point is at $300,000, following a slightly more modest year-over-year growth of 2.1%. The smaller increase compared to houses implies a more nuanced apartment market, possibly influenced by a mix of local demand and investment activity. The differentiation between house and apartment price trends may also indicate varying levels of supply constraints or preferences for property types among residents.
Investment Opportunities and Potential in Marwayne
The continued growth in property values coupled with strong population expansion suggests that Marwayne offers promising investment opportunities. Residential real estate appears particularly attractive for long-term investors looking to capitalize on the steady appreciation of property assets. Single-family homes are showing stronger growth than apartments, potentially offering higher returns for investors who are focused on capital gains.
In addition to the appreciation potential, rental properties could represent a viable strategy given the influx of new residents seeking housing. With the current trends, investors may find opportunities in both purchasing existing properties to rent out or developing new residential projects to meet the growing housing demand.
Future Market Outlook for Marwayne Real Estate
The outlook for Marwayne’s real estate market remains optimistic based on current data. The consistent population growth at 7.1% is likely to continue fueling housing demand, which should support both price stability and gradual appreciation over time. Assuming no major economic disruptions occur and the local economy continues to provide employment opportunities that attract residents, both house and apartment markets are poised for sustained growth.
The current trends suggest that single-family homes might experience slightly higher rates of value appreciation than apartments, making them potentially more attractive for those focused on asset growth. However, investors should remain vigilant about diversification within their portfolios and consider both property types to hedge against market fluctuations.
In summary, with careful monitoring of local economic indicators and consideration given to broader provincial and national economic trends, Marwayne’s real estate market shows potential for continued health and prosperity into the foreseeable future.
