Maycroft, 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
The real estate market in Maycroft, Alberta, currently exhibits a steady growth pattern. The median house price stands at $500,000, with a positive year-over-year trend of 3.5%. This increment is indicative of a healthy demand for housing, likely driven by the area’s robust economic performance and the desirability of the community.
The apartment sector shows a similar uptrend but at a slightly more modest pace. The median apartment price has reached $300,000, growing at 2.1% year-over-year. This slower growth rate compared to houses may reflect a more significant supply of apartments or varying demand dynamics between housing types.
Supporting these trends is Maycroft’s population growth of 7.1%. Such demographic expansion is typically a strong driver of housing demand and can signal a burgeoning local economy that attracts new residents.
Investment Opportunities and Potential
The real estate investment climate in Maycroft presents potential for both short-term gains and long-term appreciation. With house prices increasing steadily, investors may find opportunities in purchasing residential properties to either rent or sell as the market continues to grow.
Apartments offer an alternative investment route, with their lower entry cost and consistent appreciation trend. Investors might consider this market segment particularly appealing for rental income, given the ongoing population influx and possible demand from those seeking more affordable housing options.
An additional factor to consider is the diversity in property types within Maycroft. A balanced mix of single-family homes, townhouses, and multifamily units could cater to various segments of the market, allowing investors to diversify their portfolios within the same geographic region.
Future Market Outlook
Looking forward, Maycroft’s real estate market appears poised for continued growth. The solid year-over-year increases in property values are expected to sustain as long as the population continues its upward trajectory. The significant 7.1% increase in residents underpins this optimism, suggesting ongoing demand that will support real estate prices.
Investors should remain cognizant of broader economic factors that could impact the regional market, such as employment rates, interest rates, and regional development plans. However, barring unforeseen macroeconomic shifts, Maycroft’s real estate market offers promising prospects for both short-term investments and long-term asset appreciation.
In conclusion, data-driven insights into Maycroft’s expanding population and ascending property values present an optimistic outlook for real estate stakeholders considering entering or expanding their presence in this dynamic Alberta market.
