Beazer, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $450,000 |
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) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Beazer, Alberta, is currently experiencing a moderate increase in property values. The median house price stands at $485,000, with a year-over-year growth of 3%. This indicates a stable and steadily appreciating housing market. Similarly, the median apartment price is $295,000, which has seen a slightly lower yet consistent increase of 2.5% year-over-year.
The population of Beazer has been growing at a healthy rate of 3.3%, reflecting an increasing demand for housing in the area. This population growth can be attributed to Beazer’s economic opportunities, quality of life, and its attraction as a potentially lucrative market for both homebuyers and investors.
Investment Opportunities and Potential
With the current growth trends and population increase, Beazer offers promising investment opportunities. The steady rise in property values suggests that purchasing real estate in this region could yield positive returns over time. Residential properties are particularly attractive due to the ongoing demand driven by population growth.
Investors might also find potential in the apartment sector due to its slightly lower price point and solid appreciation rate. As the population continues to grow, there will likely be an increased need for diverse housing options, including apartments for smaller households or individuals.
Future Market Outlook
The future outlook for Beazer’s real estate market remains optimistic. Given the current trends of property value appreciation and sustained population growth, it is reasonable to expect that the demand for housing will continue to rise. This should drive further increases in property values over time, assuming no significant economic disruptions occur.
The consistent upward trend in both house and apartment prices suggests robust market health and points towards a favourable investment climate moving forward. Prospective investors should monitor local economic developments and infrastructure investments as these factors could further enhance property values and market potential in Beazer.
