Taber, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $475,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.8% |
Apartment
Median price | $290,000 |
Monthly growth | 0.7% |
Quarterly trend | 1.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $475,000 |
4 bedrooms | $575,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
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 Taber, Alberta is currently experiencing a steady increase in property values. With the median house price at $475,000, there has been a 2.8% year-over-year growth. This indicates a stable and slightly appreciating housing market. Similarly, apartments are following an upward trend with a median price of $290,000, reflecting a 1.5% year-over-year increase. Such trends suggest healthy demand and consumer confidence in the local real estate market.
The population of Taber stands at approximately 15,000 residents, with a robust population growth rate of 3.4%. This demographic expansion is likely contributing to the sustained demand for housing in the area. The consistent population growth suggests that the market is not only being driven by speculation but also by genuine demand for housing due to population dynamics.
Investment Opportunities and Potential
Given the steady growth in both housing prices and population, Taber presents several investment opportunities. The ongoing appreciation in property values offers potential for capital gains over time, while the population increase implies a growing rental market. Investors might consider purchasing residential properties to cater to the increasing number of inhabitants seeking housing.
Furthermore, with apartment prices experiencing a slower growth rate than houses, investing in multi-family dwellings could be particularly attractive for those looking to provide more affordable rental options or enter the real estate market at a lower price point.
Future Market Outlook
The future outlook for Taber’s real estate market appears optimistic. With its consistent property value appreciation and strong population growth, there are no immediate signs of a downturn. Assuming that economic conditions remain stable and local employment opportunities continue to grow alongside the population, it is reasonable to expect that both demand for housing and real estate prices will maintain their upward trajectory.
However, investors and homebuyers should monitor key economic indicators such as employment rates, interest rates, and regional economic policies which can all impact market conditions in unforeseen ways. Considering these factors along with current trends can lead to more informed decision-making regarding real estate investments in Taber.