Wabascadesmarais, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.9% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| 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 | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Wabascadesmarais, Alberta, is currently exhibiting steady growth. The median house price in the area stands at $495,000, reflecting a year-over-year increase of 3.4%. This indicates a healthy demand for single-family homes, which can be attributed to the region’s appealing living conditions and economic stability.
Similarly, the apartment sector has shown positive growth with the median apartment price reaching $310,000, up by 2.5% compared to the previous year. This moderate but consistent appreciation suggests that the market is balanced, with a sustainable level of price inflation that benefits both buyers and sellers.
The population of Wabascadesmarais has reached approximately 15,500 residents, expanding at a rate of 3.3%. This demographic trend boosts housing demand, as more individuals and families seek accommodation within the community.
Investment Opportunities and Potential
The current trends in Wabascadesmarais suggest a robust opportunity for real estate investment. The consistent appreciation in house and apartment prices points towards an underlying confidence in the property market’s stability. Investors could find potential in both residential properties for long-term capital gains and rental units given the population growth driving housing demand.
New development projects could also be lucrative, especially if they align with the preferences of incoming residents who contribute to the population growth. With careful market analysis and strategic selection of properties, investors can capitalize on the steady growth patterns observed in Wabascadesmarais.
Future Market Outlook
The future outlook of Wabascadesmarais’s real estate market remains optimistic. Given the solid foundation of continuous population growth and sustained economic development within the region, it is reasonable to expect further progress in property values. The steady increase in house and apartment prices is likely to persist as demand for quality housing stays strong among new and existing residents.
However, potential investors and homeowners should remain vigilant about national economic indicators and regional policy changes that might affect mortgage rates or property taxes. Overall, Wabascadesmarais presents a welcoming environment for both homebuyers seeking a stable community to settle in and investors looking for promising returns on their investments.
