Usona, 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 Usona, Alberta, the real estate market exhibits steady growth with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This trend indicates a healthy demand for housing in the area and a market that is appreciating at a moderate pace. Similarly, apartments are also experiencing growth, though at a slightly lower rate of 2.1% year-over-year, with a median price of $300,000.
The population of Usona has reached 15,000 and is rising rapidly with a growth rate of 7.1%. This demographic expansion suggests an ongoing and potentially increasing demand for housing which could maintain or possibly accelerate current real estate market trends.
Investment Opportunities and Potential
With both the housing and apartment sectors showing positive appreciation rates, investment opportunities in Usona look promising. The consistent growth in property values points to a stable market with potential for long-term capital gains. Investors may find particular interest in the single-family housing market due to its higher growth rate when compared to apartments.
The significant population increase implies further development opportunities as more residents may lead to greater demand for diverse types of properties including residential homes, rental units, and even commercial real estate.
Future Market Outlook
The future market outlook for Usona’s real estate remains optimistic based on current data. The steady appreciation in property values coupled with robust population growth positions Usona as an attractive locale for both homebuyers and investors. Assuming these trends continue, the forthcoming years should see sustained or improved growth within the market.
However, investors should also consider external economic factors such as interest rates, employment rates, and regional economic developments that might influence the real estate market’s trajectory in unforeseen ways. A vigilant approach to monitoring these variables will be essential for any long-term investment strategy in Usona’s property market.