Ohaton, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Ohaton, Alberta, currently presents a stable environment with consistent growth. With a median house price of $495,000, the market has experienced a moderate year-over-year increase of 3.2%. This indicates a steady demand for housing in the area, reflecting an incrementally appreciating market.
Similarly, the market for apartments is also showing positive trends with a median apartment price of $295,000 and a growth rate of 2.3% over the past year. These figures suggest balanced growth across different housing types within Ohaton’s real estate market.
The local population stands at 15,200 with an impressive population growth rate of 4.8%. This substantial increase in residents is likely contributing to the demand for housing, which in turn supports the rising property values.
Investment Opportunities and Potential
Ohaton’s real estate market offers promising investment opportunities due to its consistent growth patterns and demographic trends. The steady appreciation in property values provides potential for capital gains over time. Furthermore, the significant population growth suggests that there may be an ongoing or increasing demand for rental properties, making buy-to-rent investments particularly attractive.
In light of the current trends, investors might consider diversifying their portfolios across both houses and apartments to capitalize on the market’s overall stability while leveraging different segments’ specific advantages.
Future Market Outlook
The future outlook for Ohaton’s real estate market remains optimistic based on the current data and trends observed. Given that both housing prices and population figures are on an upward trajectory, it is reasonable to anticipate continued growth in property values.
The robust population increase is likely to sustain demand for housing, potentially leading to a more competitive market that could benefit sellers and investors alike. However, it is important for stakeholders to monitor economic factors such as employment rates, interest rates, and regional development plans as they can significantly impact future real estate dynamics in Ohaton.
To conclude, Ohaton’s real estate market appears poised for ongoing growth with ample investment opportunities. Prospective investors and homeowners should watch for any shifts in local or national economic policies that could influence these positive trends.
