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 (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
In Easyford, Alberta, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy upward trend in property values for single-family homes. Similarly, apartments are showing positive growth, with the median price at $300,000 and an annual appreciation rate of 2.1%. These trends are reflective of a robust market that is attracting interest from buyers and investors alike.
The population of Easyford has grown by 7.1%, which suggests a growing demand for housing. This demographic expansion can be seen as a driving force behind the consistent rise in property values. The influx of new residents may also signal a dynamic local economy that could support further real estate development and investment activities.
Investment Opportunities and Potential
The current landscape in Easyford presents various investment opportunities. Given the steady increase in property values, investors can find potential in both resale of upgraded properties and rental investments. Long-term capital gains seem promising due to the sustained price increments for houses and apartments.
The population growth indicates that there will be an ongoing need for housing, which could translate into higher occupancy rates and potential rent increases for multi-family units and apartment buildings. Investors keen on new developments or refurbishing existing properties may capitalize on this demand by offering modern living spaces that cater to the preferences of incoming residents.
Future Market Outlook
Looking ahead, Easyford’s real estate market appears set for continued growth. The positive population trend is poised to maintain its momentum, further fueling housing demand. Assuming economic conditions remain favorable and the local job market stays strong, we can expect both house and apartment prices to maintain an upward trajectory.
With infrastructure development likely to follow population increases, Easyford could see enhanced amenities and services which would add to its attractiveness as a place to live and invest in. Prospective investors should monitor key factors such as interest rates, employment statistics, and any government policy changes affecting real estate for a comprehensive understanding of future market dynamics.
