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 | 1.0% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $420,000 |
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 exhibiting steady growth. With a median house price at $485,000 and an incremental year-over-year increase of approximately 3%, the housing market demonstrates resilience and a positive upward trend. Similarly, the median apartment price, which stands at $295,000, has seen a healthy appreciation of 2.5% over the past year.
The population of Beazer has grown to 15,500 residents, reflecting a robust growth rate of 3.3%. This demographic expansion underpins the demand for housing and contributes to the vitality of the real estate market. The current trends indicate a balanced market that is neither overly saturated nor suffering from a shortage of inventory.
Investment Opportunities and Potential
The consistent growth in property values, coupled with the area’s population increase, presents attractive investment opportunities in Beazer’s real estate market. Investors may find particular potential in residential properties given the steady appreciation rates observed in both houses and apartments.
New developments and well-maintained properties are especially poised for capital gains, catering to incoming residents or those seeking to upgrade their living arrangements. Moreover, rental properties could benefit from the population surge, as new residents may look for temporary housing solutions before committing to homeownership.
Future Market Outlook
The future outlook for Beazer’s real estate market remains optimistic based on current data and trends. Should the population continue to grow at or above the current rate of 3.3%, demand for housing is likely to remain strong. This factor, combined with the steady price appreciation of both houses and apartments, suggests that Beazer will maintain its course as an appealing destination for homeowners and investors alike.
Cautious optimism is advised, however, as external economic factors can influence mortgage rates, employment stability, and consumer confidence—all of which have direct impacts on real estate markets. Keeping abreast of local and national economic indicators will be crucial for accurately projecting Beazer’s real estate trajectory beyond the short term.
