Wabascadesmarais, 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 Wabascadesmarais, Alberta
In Wabascadesmarais, Alberta, the real estate market currently presents a stable growth pattern. With a median house price of $500,000 that has experienced a 3.5% year-over-year increase, the market demonstrates consistent appreciation. Similarly, the median apartment price stands at $300,000, reflecting a modest year-over-year rise of 2.1%. This steady growth is indicative of a balanced market that is attracting both homeowners and investors alike.
The population of Wabascadesmarais has seen a significant upswing, with a growth rate of 7.1%, suggesting an increasing demand for housing. This demographic trend could lead to heightened real estate activity and potentially place upward pressure on property prices due to heightened demand.
Investment Opportunities and Potential in Wabascadesmarais
For investors considering Wabascadesmarais, the current market dynamics signal promising opportunities. The consistent rise in property values implies that investments made now could yield favorable returns as the market continues to mature. The residential sector seems particularly ripe for investment given the robust population growth.
Moreover, rental properties may be an attractive venture as the influx of new residents may lead to higher demand for rental accommodation. Thus, purchasing apartments or houses with the intention of renting them out could present a viable strategy for generating steady income streams and capital gains over time.
Future Market Outlook for Wabascadesmarais Real Estate
Looking forward, the real estate market in Wabascadesmarais appears poised for continued growth. The strong population increase is likely to sustain demand for housing, which could in turn drive further price gains across both houses and apartments.
While current trends are encouraging, potential investors and homebuyers should be mindful of external economic factors that might impact the real estate landscape. These include interest rate changes, employment rates in Alberta, and broader national economic conditions which could influence consumer confidence and purchasing power.
Overall, with careful consideration to these factors and vigilant monitoring of local developments, stakeholders can make informed decisions within this active market.
