Cessford, 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
The real estate market in Cessford, Alberta, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy demand for single-family homes. Apartments are also seeing an appreciable rise in value, with the median apartment price at $300,000 and a 2.1% year-over-year trend. This consistent upward movement in property values suggests a robust and stable local real estate environment.
The population of Cessford has reached 15,000 residents, with a significant growth rate of 7.1%. This surge indicates an increasing demand for housing as the town expands. The influx of new residents is likely contributing to the competitive real estate landscape as more people seek to purchase property in this growing community.
Investment Opportunities and Potential
Investors considering the Cessford real estate market have promising opportunities at hand. The ongoing population growth paired with rising property values presents a potential for solid investment returns. Single-family homes are particularly attractive due to their greater annual appreciation rate compared to apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the market and are suited for both rental income and long-term capital gains.
The market conditions suggest that early investment could lead to substantial benefits as the demand for housing may continue to drive property values upward. Additionally, the town’s expansion might open up new development projects, offering investors various options ranging from residential to commercial real estate ventures.
Future Market Outlook
Looking ahead, the future market outlook for Cessford remains optimistic. If current trends persist, property values are expected to continue their gradual ascent. The town’s strong population growth serves as a key indicator of sustained housing demand which should underpin the market’s stability.
As more individuals and families move to Cessford, it is reasonable to anticipate further development in infrastructure and amenities which will contribute positively to property desirability and valuation. Investors and homebuyers alike can find reassurance in this upward trajectory when considering long-term commitments in the local real estate market.
In summary, Cessford offers an appealing mix of stability and growth potential for both residential buyers and real estate investors. Its steady price appreciation trends combined with a burgeoning population make it a pertinent choice for those looking to enter or expand within the Alberta real estate landscape.