Eaglesham, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Eaglesham, Alberta is currently experiencing steady growth with the median house price sitting at $500,000, which reflects a year-over-year increase of 3.5%. The market for apartments is also showing positive movement, as the median apartment price has reached $300,000, marking a 2.1% rise over the same period last year.
This growth can be attributed to several factors, including a robust local economy and a population that has seen a substantial increase of 7.1%. With a population of 15,000 residents, the demand for housing continues to drive the market forward. The current trends suggest that Eaglesham is experiencing a seller’s market with property values appreciating steadily.
Investment Opportunities and Potential
Considering the moderate yet consistent appreciation in property values, Eaglesham presents attractive opportunities for real estate investors. The increasing median house and apartment prices indicate a healthy demand for housing which could be leveraged by investors looking to rent out properties or engage in long-term equity growth strategies.
The strength of the local housing market is underscored by its stability and resilience, making it an appealing option for those seeking less volatile investment avenues. Additionally, the significant population growth suggests that there will be an ongoing need for residential properties, both rental and owner-occupied, further bolstering the potential for investment returns.
Future Market Outlook
The future outlook for Eaglesham’s real estate market remains optimistic. The sustained population growth coupled with economic stability points towards continued demand for housing. Assuming no major economic disruptions occur, the market is expected to maintain its upward trajectory in terms of property values.
The consistent increase in housing prices at a rate that outpaces inflation suggests that investment in Eaglesham’s real estate could yield solid returns over time. Nevertheless, potential investors should remain vigilant and consider regional economic indicators as well as national real estate trends when making investment decisions.
In conclusion, Eaglesham’s real estate market appears poised for continued growth with promising opportunities for investors. A keen eye on both local developments and broader economic conditions will be key to successfully navigating this dynamic market.
