Beauvallon, 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
The real estate market in Beauvallon, Alberta, is currently experiencing a period of growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates steady appreciation in property values, suggesting a healthy demand for detached homes. Similarly, apartments are also seeing a positive trend with the median price at $300,000 and an annual growth rate of 2.1%. The robust population growth of 7.1% is likely contributing to the upward pressure on housing prices as demand continues to grow in this community of 15,000 residents.
Investment Opportunities and Potential
The investment opportunities in Beauvallon appear to be promising based on current trends. Given the steady increase in housing prices, investors might consider both detached homes and apartments to be viable assets. The relatively higher growth rate for houses suggests that they might offer greater capital appreciation potential over time. Apartments could appeal to investors looking for more affordable entry points into the market or those interested in rental properties due to the growing population. With Beauvallon’s population increasing significantly, rental demand is expected to rise, potentially leading to attractive rental yields for investors.
Future Market Outlook
The future market outlook for Beauvallon’s real estate remains optimistic. Continuous population growth at a pace of 7.1% provides a fundamental driver for housing demand and could lead to sustained growth in property values if the trend persists. Considering the current trends and assuming no major economic disruptions, we can anticipate further moderate increases in both house and apartment prices. Investors and homebuyers should keep an eye on local development plans and employment opportunities as these will further influence the desirability and value of properties in Beauvallon.
