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 characterized by steady growth. With a median house price of $500,000, the market has seen a healthy year-over-year increase of 3.5%. This indicates a sustained demand for housing in the area. Similarly, apartments are also following an upward trend with a median price of $300,000 and a 2.1% increase over the past year.
The population in Beauvallon has been on the rise as well, with a notable growth of 7.1%. This influx of residents suggests that the region is attracting newcomers, which may be due to factors such as employment opportunities, quality of life, or other socio-economic drivers. The growing population is likely contributing to the demand for housing and can be seen as a positive indicator for the real estate market’s health.
Investment Opportunities and Potential
Investment opportunities within Beauvallon are promising. Given the steady appreciation of property values in both housing and apartment segments, investors can expect potential capital gains over time. The consistent upward trend suggests that investments made now could yield favorable returns as the market continues to grow.
Furthermore, with the robust population growth outpacing many other regions, there is potential for increased rental demand. This could be particularly appealing for those looking to invest in rental properties or engage in real estate development projects geared towards accommodating this burgeoning community.
Future Market Outlook
The future outlook for Beauvallon’s real estate market appears optimistic. Assuming current trends persist—moderate but steady price increases and significant population growth—the market is poised for continued expansion. The ongoing demand for housing spurred by population increases should support both resale values and rental rates.
However, investors and potential homebuyers should also consider external economic factors and monitor any changes in local policies that could impact the real estate landscape. Overall, while no investment is without risk, Beauvallon presents an attractive profile for those considering entering its real estate market based on current data and trends.
