Berwyn, 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
1. Current Market Conditions and Trends
In Berwyn, Alberta, the real estate market is characterized by steady growth. The median house price currently stands at $500,000, which represents a year-over-year increase of 3.5%. This incremental growth indicates stable demand and a healthy market condition for single-family homes.
The market for apartments is also showing positive trends, with the median apartment price reaching $300,000 and a slightly lower, yet consistent, year-over-year growth rate of 2.1%. This demonstrates resilience in the multi-family housing sector and suggests a balanced market for both homeowners and investors.
The population of Berwyn has experienced significant growth, now boasting approximately 15,000 residents, which is a notable increase of 7.1%. The influx of new residents is likely contributing to the sustained demand for housing in the area.
2. Investment Opportunities and Potential
The consistent growth in property values in Berwyn presents promising investment opportunities. Single-family homes have shown a robust appreciation trajectory at 3.5%, suggesting that investments in this sector could yield solid returns over time.
Apartments offer a slightly more affordable entry point into the real estate market with considerable potential for rental income, given their 2.1% growth trend and increasing population fueling rental demand.
Investors should also consider demographic trends and the local economy’s health when evaluating long-term investment potential. With population growth outpacing many other regions, Berwyn may witness an uptick in housing demand that could drive prices upward over time.
3. Future Market Outlook
The future outlook for Berwyn’s real estate market appears optimistic. Continued population growth and stable economic conditions are likely to support ongoing demand for both purchase and rental properties.
If current trends persist, investors can expect further gradual appreciation in property values across housing types. Moreover, as the town grows, there could be opportunities for new development projects to meet the expanding needs of residents.
However, investors should stay informed about regional economic developments and any changes in local policies that may affect the real estate market. By doing so, they can make well-informed decisions that align with their financial goals and risk tolerance.
