Edberg, 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 Edberg, Alberta, the current median house price stands at $500,000, witnessing a year-over-year increase of 3.5%. This incremental growth indicates a steadily appreciating market, reflective of increasing demand or limited supply. In contrast, the median apartment price is currently $300,000, with a slightly lower annual appreciation rate of 2.1%. This suggests that while apartments are also gaining value, they may offer more affordability for new entrants into the housing market.
The population in Edberg has grown by 7.1%, signaling a robust demographic expansion. The influx of new residents is likely catalyzing demand for housing, contributing to the upward price trends observed. Additionally, this population growth can be indicative of economic opportunities within the region that are attracting new residents and potential homebuyers.
Investment Opportunities and Potential
Given the steady growth in property values and significant population expansion, Edberg presents appealing investment opportunities. Investors considering entry into this market might expect continued capital appreciation based on current trends. The stronger growth rate in house prices compared to apartments suggests that single-family homes could be particularly promising for investors looking for long-term value retention or growth.
For those seeking more accessible investment options with potentially higher liquidity, apartments offer a viable alternative at a lower entry price point. Though their appreciation rate is modest compared to houses, the consistent upward trend implies stable investment potential.
Future Market Outlook
The future real estate market outlook for Edberg appears optimistic. The sustained population growth of 7.1% is likely to continue driving housing demand. Assuming no significant changes in economic conditions or housing supply, one might forecast ongoing property value increases at rates comparable to current statistics.
An important factor to monitor will be local economic development initiatives and infrastructure improvements which could further bolster the market’s attractiveness to both residents and investors alike. Considering these dynamics, stakeholders in Edberg’s real estate market should remain cautiously positive about its prospects but stay informed about regional developments that could impact future trends.