Bezanson, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $480,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $290,000 |
| 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 | $480,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
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 Bezanson, Alberta is currently experiencing a period of growth. The median house price stands at $480,000, which has seen an increase of 4% year-over-year. This indicates a steady upward trend in the housing segment of the market, suggesting that the demand for houses is on the rise.
In contrast, the apartment sector presents a more modest growth rate. The median apartment price is set at $290,000, with a year-over-year increase of 2.5%. Despite being lower than that of houses, this growth rate still points towards a healthy demand in the apartment market.
The population of Bezanson has reached approximately 15,500 residents and is growing at a rate of 3.3%. This population growth is likely contributing to the increased demand for housing in the area, thereby supporting the observed price trends.
Investment Opportunities and Potential
Given the current market conditions, Bezanson offers promising investment opportunities particularly in the housing sector. The consistent increase in median house prices suggests that investing in residential properties could yield favorable returns due to the appreciating asset values.
Apartments offer a different investment angle with their lower entry price point and steady appreciation rate. They may be particularly attractive to investors looking to cater to smaller households or seeking rental income opportunities from individuals or families not ready to enter the housing market as buyers.
The ongoing population growth further enhances these investment opportunities as it can lead to sustained or increased demand for both houses and apartments. Investors should consider long-term strategies that align with demographic trends and housing demands in Bezanson.
Future Market Outlook
The future outlook for Bezanson’s real estate market remains optimistic. The continuous population growth will likely sustain demand for both houses and apartments. If current trends persist, we can expect further gradual increases in property values across both segments of the market.
However, it is important for investors and potential homebuyers to monitor economic indicators closely as changes in employment rates, local industry performance, and broader economic conditions could influence future market dynamics.
In summary, Bezanson presents a robust market with potential for investment, supported by positive trends in property values and demographic growth. Stakeholders should remain informed about local developments to make strategic decisions that capitalize on this upward trajectory.
