Bezanson, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.7% |
Apartment
Median price | $290,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.5% |
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 | $340,000 |
3 bedrooms | $430,000 |
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 moderate growth trajectory. With a median house price sitting at $485,000, the market has seen a year-over-year increase of 2.8%. This steady rise in prices suggests a healthy demand for single-family homes. The market for apartments is also on an upward trend, albeit at a slower pace. The median apartment price is currently at $290,000, with a year-over-year appreciation of 1.5%. These numbers indicate sustained interest in multi-family dwellings.
The population of Bezanson has grown to 15,500, marking a growth rate of 3.3%. This demographic expansion can be correlated with the increasing demand for housing in the area, which may continue to push property values upward in the short to medium term.
Investment Opportunities and Potential
In light of the current trends, Bezanson presents several attractive investment opportunities. The consistent increase in property values across both houses and apartments suggests that investments made now have potential for capital gains in the longer term.
The higher growth rate for house prices compared to apartments may signal a particular opportunity for investors looking at single-family homes as rental properties or flips. Given the population growth, there could also be an unmet demand for rental units, which would benefit investors interested in purchasing apartments to rent out.
Focusing on areas where new infrastructure or amenities are planned could provide additional investment upside, as these developments tend to boost property values and attract tenants who value convenience and modern features.
Future Market Outlook
The outlook for Bezanson’s real estate market remains positive given the current economic indicators. A strong population growth rate suggests that the influx of new residents is likely to continue, which will maintain or potentially increase the demand for housing.
If current trends persist, investors can expect a continued gradual appreciation in property values. However, monitoring local economic drivers such as employment rates and industry growth will be key to predicting any significant shifts or accelerations in market conditions.
The stability of Bezanson’s market is appealing but it’s always crucial for investors to conduct thorough due diligence and consider how broader provincial and national economic factors might influence local real estate dynamics over time.