Edberg, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.6% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $550,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $320,000 |
3 bedrooms | $400,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Edberg, Alberta, the real estate market is currently experiencing a moderate growth in property values. The median house price stands at $485,000, reflecting a year-over-year increase of 2.8%. This steady growth indicates a healthy demand for single-family homes. In contrast, the median apartment price is slightly lower at $295,000, with a more modest year-over-year increase of 1.9%. This suggests that while there is growth in the multi-family dwelling segment, it is not as robust as that of detached homes.
Investment Opportunities and Potential
The consistent rise in property values coupled with a strong population growth rate of 3.3% suggests that Edberg presents attractive investment opportunities. The demand for housing is likely to remain strong due to the increasing population, which currently stands at 15,500 residents. Investors may find particular potential in single-family homes given their higher appreciation rate. However, apartments should not be overlooked as they offer a more accessible entry point into the market and may appeal to first-time homebuyers or those looking for smaller, more affordable living spaces.
Future Market Outlook
Looking ahead, the future market outlook for Edberg’s real estate appears promising. Given the steady population growth and consistent increase in property values, we can anticipate continued demand for housing across all segments. Barring any unforeseen economic events or policy changes that could affect the housing market, investors can expect a stable appreciation in property values. As such, Edberg represents a sound investment location for both short-term gains and long-term equity growth.