Edgerton, 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
In Edgerton, Alberta, the real estate market has been experiencing steady growth. The median house price in the area currently stands at $500,000, with an upward trend of 3.5% year-over-year. This consistent increase indicates a healthy demand for housing in the region. Similarly, apartments are showing positive growth albeit at a slightly lower rate; with median prices at $300,000 and a 2.1% appreciation year-over-year.
The population of Edgerton is approximately 15,000 residents and has seen a significant population growth of 7.1%, which may be contributing to the increasing demand for housing. This demographic expansion can often lead to a dynamic real estate market as new residents seek housing and investment opportunities.
Investment Opportunities and Potential
With a growing population and steady increase in property values, Edgerton presents substantial investment opportunities. The consistent growth in house prices suggests that purchasing residential property could yield considerable returns over time. Investors may also find the apartment market appealing due to its positive trajectory, although the gains appear to be more modest compared to houses.
Investors should consider the potential for rental properties given the population influx. As new residents may initially seek rental accommodations, this could drive up demand for rental units, potentially resulting in favorable rental yields for investors.
Future Market Outlook
The future outlook of Edgerton’s real estate market appears optimistic based on current trends and demographic data. If the population continues to grow at a rate of 7.1%, it is likely that demand for both purchasing and renting properties will remain strong. This could sustain or even increase the current rate of property value appreciation.
However, investors and homebuyers should also closely monitor external economic factors such as interest rates, employment rates in Alberta, and regional economic developments that could affect housing affordability and market demand.
In conclusion, Edgerton’s real estate market is showing favorable conditions for investment with promising potential for continued growth. Stakeholders should maintain awareness of both local trends and broader economic indicators to make informed decisions moving forward.
