Easyford, 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 Easyford, Alberta, is currently experiencing steady growth. The median house price stands at $500,000, marking a 3.5% year-over-year increase. This consistent growth trend indicates a stable market that is attracting homeowners and investors alike. On the other hand, the median apartment price is $300,000, with a somewhat slower growth rate of 2.1% year-over-year. This differential suggests that single-family homes are in higher demand, potentially due to growing families or individuals seeking more space.
The population of Easyford has also seen significant growth, with a 7.1% increase, signaling a burgeoning community that could further drive housing demand. The infusion of new residents likely contributes to the positive momentum in the housing market as well as in the local economy.
Investment Opportunities and Potential
The promising population growth paired with steady appreciation in property values presents diverse investment opportunities in Easyford. Investors might consider single-family homes due to their stronger price trend, which could yield higher long-term capital gains. The 3.5% annual increase in house prices suggests that investments in this segment may continue to be robust and profitable.
Apartments, while showing slower growth, offer a lower entry point for investment and could appeal to those targeting rental income, particularly if the influx of new residents includes individuals or small families looking for affordable housing options.
In addition to residential properties, the expanding population may also generate demand for commercial real estate and development projects, which could be another avenue for investors seeking diversification within the local market.
Future Market Outlook
Looking ahead, Easyford’s real estate market appears poised for continued growth. The consistent rise in property values coupled with strong population increases suggests that both demand and property prices are likely to remain on an upward trajectory. Assuming that economic conditions remain favorable and the influx of new residents continues, investors can reasonably expect ongoing appreciation in property values.
However, potential investors should keep an eye on economic indicators and policy changes at both provincial and national levels that may impact interest rates or borrowing costs. Staying informed will be key to making strategic decisions in this active market.
In summary, Easyford presents a compelling case for real estate investment based on current trends and projections. With careful consideration of market dynamics and prudent investment choices, stakeholders can capitalize on the opportunities within this vibrant Albertan community.
