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Beiseker, 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 in Beiseker, Alberta

The real estate market in Beiseker, Alberta, is currently experiencing a period of steady growth. The median house price in the area stands at $500,000, marking a year-over-year increase of 3.5%. This growth indicates a stable market with consistent demand. On the other hand, apartments are slightly more affordable with a median price of $300,000 and have seen a smaller yet positive year-over-year price trend of 2.1%. These indicators suggest that while houses are in higher demand, apartments also offer a viable entry point into the Beiseker real estate market.

The population of Beiseker has been growing steadily as well, with a current growth rate of 7.1%. This influx of residents is likely contributing to the housing demand and could potentially lead to increased pressure on the market, resulting in further price growth over time.

Investment Opportunities and Potential in Beiseker

In light of the current market conditions, Beiseker offers promising investment opportunities for those looking to enter the real estate market. With both housing and apartment prices showing an upward trend, investors could benefit from capital appreciation over time. The steady population growth not only supports this but also suggests that rental properties could be highly sought after, potentially providing investors with strong rental yields and low vacancy rates.

Given the higher growth rate in house prices compared to apartments, investors might consider single-family homes as a priority for long-term investment strategies. However, apartments should not be overlooked due to their more accessible price points and appeal to individuals or smaller households moving into the area.

Future Market Outlook for Beiseker

The future market outlook for Beiseker remains optimistic. The sustained population increase is expected to continue driving demand for housing in the region. If economic conditions remain favorable and the local job market stays strong or improves further, it’s likely that we’ll see continued growth in real estate prices. This is bolstered by the current trends which show no signs of immediate reversal.

Investors considering entering the Beiseker real estate market should monitor local economic developments closely, as they will directly impact both short-term and long-term property values. Additionally, keeping an eye on regional infrastructure projects and community investments can provide insights into areas poised for above-average growth within the market.

In summary, Beiseker’s real estate market currently shows healthy signs of growth with potential for solid investment returns given careful selection of properties and consideration of long-term trends. Investors are advised to act upon thorough analysis and stay informed about local factors that could affect market conditions moving forward.