Edson, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2024) | 15,300 |
| Previous Population (2019) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Edson, Alberta, currently presents itself as moderately dynamic with a steady increase in property values. The median house price is pegged at $485,000, reflecting a year-over-year growth of 4.2%. This indicates a healthy demand for single-family homes and bodes well for home equity gains for current homeowners.
In the apartment sector, the median price stands at $295,000, with a slower but consistent year-over-year growth of 2.5%. The market for apartments seems to cater to a different segment, possibly first-time homebuyers or investors looking for rental properties, indicating an underlying strength in the multifamily housing market.
Edson’s population currently sits at approximately 15,300 residents, with a positive growth rate of about 2% per annum. This incremental increase suggests gradual but consistent economic and residential interest in the area which is likely contributing to the stable real estate market conditions seen today.
2. Investment Opportunities and Potential
The steady increase in property prices coupled with sustainable population growth suggests that Edson offers reliable investment opportunities. The consistent rise in house prices may attract investors looking for capital gains over the medium to long term. Similarly, the continuous yet modest appreciation in apartment values presents potential for both capital gains and rental income streams, especially as demand for more affordable living options increases alongside population growth.
For those interested in development or land acquisition, the positive population trend could point towards future needs for expansion of residential and commercial infrastructure. Such investments could benefit from strategic positioning now while prices are still relatively lower compared to major urban markets.
3. Future Market Outlook
Looking forward, the real estate market in Edson appears set to continue its pattern of moderate growth. With no indications of significant economic downturns or oversupply of housing, both house and apartment markets should maintain their upward trajectories.
The key drivers for this outlook include ongoing population growth and regional economic stability which tend to underpin real estate demand. Therefore, barring unforeseen events or shifts in local economic policies, Edson’s real estate market is poised to remain an attractive zone for both living and investing purposes.
In conclusion, Edson offers a stable environment for real estate investment with potential for both short-term income through rentals and long-term capital appreciation. As always, investors should conduct thorough due diligence and consider their risk appetite against current trends and future forecasts.
