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, has been experiencing steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market demonstrates resilience and a continued demand for single-family homes. The median apartment price stands at $300,000, having risen by 2.1% over the past year. This growth is supported by a robust population increase of 7.1%, reflecting the town’s attractiveness to new residents and investors alike.
Investment Opportunities and Potential
Cessford presents several investment opportunities given its current market conditions. The consistent rise in housing prices suggests a healthy demand in the residential sector. Single-family homes, with a higher year-over-year price increase compared to apartments, offer potential for capital gains in the mid to long term. Apartments also present an attractive entry point for investors looking to cater to renters who might be priced out of the detached housing market or prefer the flexibility of renting.
Future Market Outlook
Looking ahead, Cessford’s real estate market is poised for sustained growth. The significant population growth indicates that the demand for housing will continue to rise, likely pushing property prices further up. However, investors and homebuyers should monitor local economic factors and broader national trends that could impact interest rates and borrowing costs. Overall, the outlook remains positive with Cessford’s real estate market showing signs of being a solid investment with the potential for continued appreciation in property values.
