Waiparous, 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 Waiparous, Alberta
The real estate market in Waiparous, Alberta, is currently experiencing a moderate growth phase. With the median house price at $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a steady demand for housing in the area, likely influenced by both local economic factors and broader national trends. Similarly, apartments are experiencing growth, with a median price of $300,000 and an annual appreciation rate of 2.1%. The consistent growth across different housing types indicates a balanced market that is welcoming to both homeowners and investors.
Additionally, the population of Waiparous has been on the rise with a significant growth rate of 7.1%. This demographic expansion is an important driver for sustained real estate demand, as more individuals and families seek housing options within the community.
Investment Opportunities and Potential
Given the positive market trends in Waiparous, there are several investment opportunities worth considering. The steady increase in property values suggests that purchasing residential real estate could be a solid long-term investment. Investors might focus on single-family homes due to their higher appreciation rate of 3.5%, compared to apartments.
It’s also worth noting that with population growth outpacing current housing stock increases, there may be opportunities to develop new properties or renovate existing ones to meet the growing demand. Moreover, rental properties could benefit from the influx of new residents who may be looking for flexible living arrangements before committing to home ownership.
Future Market Outlook
The future real estate market outlook for Waiparous appears optimistic based on current data and trends. If the local economy continues to thrive and attract more residents, it’s likely that property values will continue their upward trajectory. However, potential investors should also be aware of broader economic conditions such as interest rates and employment figures which can influence buyer affordability and impact market dynamics.
The ongoing population growth will further stimulate housing demand, potentially leading to more robust construction activity and diverse investment options. While these projections are positive, it is always recommended to monitor key economic indicators closely for any signs of shifts in the market that could affect investment decisions.
In summary, Waiparous presents a promising landscape for those interested in buying or investing in real estate. With careful consideration of market data and vigilance towards external economic factors, stakeholders can make informed decisions to capitalize on current trends and future potential within this vibrant Albertan community.
