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Crowfoot, 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





Crowfoot, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Crowfoot, Alberta, is currently experiencing a period of steady growth. With a median house price of $500,000, the market has seen an increase of 3.5% year-over-year, indicating consistent demand and a healthy economy. Similarly, the median apartment price stands at $300,000, having risen by 2.1% over the same period. This suggests that while the apartment market is growing at a slightly slower pace than the housing market, it remains a robust segment.

The population of Crowfoot has reached approximately 15,000 residents, with a notable growth rate of 7.1%. This demographic trend is likely to support ongoing demand for housing in both purchase and rental markets. The combination of population growth and positive price trends indicates a vigorous market that is attracting both residents and investors alike.

Investment Opportunities and Potential

In light of the current market conditions, Crowfoot presents several attractive investment opportunities. The consistent growth in house prices suggests stability and offers potential for capital gains for investors looking to enter the housing market. Furthermore, the apartment sector—with its more modest but stable growth—presents opportunities for investors seeking long-term rental income streams, especially considering the increasing local population.

The demographic expansion also implies a potential need for diversified housing options to cater to different segments of the population. Investors might consider exploring developments in townhouses or multi-family units that could be particularly appealing to new families or young professionals moving to Crowfoot.

Future Market Outlook

The future outlook for Crowfoot’s real estate market appears promising. The steady year-over-year increases in property values are indicative of a resilient market poised for sustained growth. Assuming that current economic conditions persist and the population continues to rise at or above recent rates, demand for housing is expected to remain strong.

The local authorities’ development plans and infrastructure projects may further bolster this outlook by enhancing the area’s attractiveness to potential new residents and businesses. Should these factors continue favorably, Crowfoot’s real estate market could see continued appreciation in property values and investment potential.

In conclusion, with solid fundamentals underpinning its performance, Crowfoot’s real estate market offers compelling opportunities for investors and homeowners alike as it navigates through an era of expansion and prosperity.