Beaverlodge, 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 Beaverlodge, Alberta, is currently exhibiting a steady growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the housing market is indicating a healthy upward trend. Similarly, the median apartment price stands at $300,000, with a slower but consistent year-over-year growth of 2.1%. This suggests that while houses are the primary driver of the real estate market in Beaverlodge, apartments are also seeing appreciation, albeit at a more modest pace.
The population of Beaverlodge has reached 15,000, with an impressive growth rate of 7.1%. This demographic expansion is likely contributing to the increased demand for housing in the area and may be one of the factors influencing the steady price appreciation observed in recent statistics.
Investment Opportunities and Potential
Given the solid growth in house prices and an expanding population base, Beaverlodge presents attractive investment opportunities. The consistent growth in property values suggests that investments made in residential real estate have a good chance for capital appreciation over time. Moreover, with population numbers on the rise, rental properties may become increasingly in demand, potentially offering attractive returns for investors interested in becoming landlords or entering into short-term rental markets.
Investors should note that while houses are showing stronger price growth than apartments, both types of properties are trending upwards. This diversification in property types offers multiple investment avenues depending on investor objectives and risk profiles.
Future Market Outlook
The future market outlook for Beaverlodge’s real estate remains optimistic. The combination of a growing population and rising property prices is indicative of a robust local economy with potential for sustained real estate market health. If current trends continue, investors can reasonably expect ongoing appreciation in property values.
Careful monitoring of economic drivers such as employment rates, local industry performance, and infrastructure development will be essential to accurately predict long-term trends. However, if Beaverlodge continues on its current trajectory, it stands to remain an appealing market for both residential homebuyers and real estate investors alike.
