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 is experiencing moderate growth. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This trend indicates a steadily appreciating housing market that could be attractive to both homeowners and investors alike. The apartment sector shows a more modest growth rate, with the median apartment price at $300,000 and an annual appreciation of 2.1%.
The population of Marwayne has been growing at a rate of 7.1%, which is significantly above the national average. This increase in population is likely contributing to the demand for housing and may continue to support the growth in property values over the coming years.
Investment Opportunities and Potential
The current trends in Marwayne’s real estate market suggest that there are several investment opportunities worth considering. For investors looking for long-term capital gains, single-family homes could be a promising option given their stronger growth rate compared to apartments. With the population continuing to expand, rental properties may also see increased demand, providing potential for steady rental income as well as appreciation in property value.
Moreover, the rise in median prices for both houses and apartments suggests a healthy market where investments are likely to maintain or increase their value over time. Investors should note that while the trends are positive, careful market analysis and due diligence are essential when selecting specific properties or investment strategies.
Future Market Outlook
The future market outlook for Marwayne’s real estate appears optimistic based on current data trends. Assuming that the population continues to grow at a robust rate of 7.1%, demand for housing is expected to remain strong. If economic conditions in Alberta remain favorable and supportive of job growth, this could further bolster the housing market by increasing purchasing power and driving up home values.
While no market can be entirely predicted, indicators such as consistent property value appreciation and significant population growth provide a positive signal for the future health of Marwayne’s real estate market. Investors and potential homebuyers should monitor these trends closely, as they could impact both short-term transactions and long-term investment outcomes.
