Beaverlodge, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Beaverlodge, Alberta, is currently experiencing moderate growth. The median house price stands at $485,000, which reflects a 2.9% increase year-over-year. This steady rise indicates a healthy demand for single-family homes in the area. Similarly, the median apartment price is $295,000, up by 2% from the previous year. These trends suggest that while growth is not explosive, there is consistent appreciation in property values across different segments of the housing market.
With a population of 15,500 that has grown by 3.3%, Beaverlodge is experiencing demographic expansion that could contribute to a sustained demand for housing. The combination of population growth and rising property prices may signal a stable investment environment for both residential and rental markets.
Investment Opportunities and Potential
For investors considering Beaverlodge’s real estate market, the current conditions indicate potential for long-term capital gains given the steady increase in property values. Investment in single-family homes could be particularly attractive due to the higher rate of appreciation compared to apartments.
The rental market also presents opportunities as population growth may lead to increased demand for rental properties. Investors should consider both traditional rentals and exploring short-term rental markets to maximize returns. Furthermore, with more people moving into the area, developments that cater to new residents such as multi-family units or townhouses could be promising ventures.
Future Market Outlook
The outlook for Beaverlodge’s real estate market remains optimistic given the current trends and underlying demographic factors. Continued population growth at a rate of 3.3% suggests that demand for housing will persist, potentially pushing property prices upward over time.
In light of ongoing economic developments and favorable conditions such as low interest rates, we anticipate that both housing prices and investment potential will maintain an upward trajectory in the foreseeable future. However, investors should remain vigilant about regional economic factors and policies that might impact the real estate market dynamics.
Overall, Beaverlodge offers a stable environment with room for growth in its real estate market. Careful analysis of specific neighborhoods and property types can help investors capitalize on emerging opportunities within this burgeoning Alberta community.
