Edson, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| 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 | $380,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| 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 Edson, Alberta
Edson, Alberta, currently exhibits a real estate market with steady price appreciation. The median house price in the area stands at $495,000, demonstrating a year-over-year growth of 4.2%. This growth rate indicates a healthy demand for housing and a relatively balanced market that benefits both buyers and sellers. Moreover, the median apartment price is posted at $295,000, with a slower yet positive trend of 1.9% over the past year. This gradual increase in apartment prices could reflect a robust rental market or an influx of first-time homebuyers looking for more affordable entry points into homeownership.
The population of Edson has also seen an increase, growing at 3.3% recently. This uptick in residents may be contributing to the demand for housing and buoying the local real estate market. A growing population is often a strong indicator of economic health and can signal continued demand for real estate in both the residential and commercial sectors.
Investment Opportunities and Potential in Edson
With its consistent growth in property values and an expanding population base, Edson presents several investment opportunities. Residential properties remain attractive due to their steady appreciation, suggesting that long-term investments could yield substantial returns as the market continues to grow. The slower growth rate in apartment prices compared to houses may indicate an opportunity for investors to enter the market at a lower price point while still benefiting from potential capital gains.
Furthermore, as the population increases, there may be heightened demand for rental properties. Investors could capitalize on this by acquiring rental units or developing multi-family complexes to cater to individuals and families who are not yet ready or able to purchase homes but wish to reside in Edson due to its economic prospects or lifestyle offerings.
Future Market Outlook for Edson Real Estate
The future outlook for Edson’s real estate market remains optimistic based on current trends and demographic indicators. The sustained population growth suggests that demand for housing will likely continue, potentially leading to further price increases for both houses and apartments if supply does not keep pace with demand.
Investors should monitor local economic developments closely as these will have direct implications on the real estate market’s trajectory. Key factors include employment rates, industrial or commercial expansion within the region, infrastructure improvements, and governmental housing policies which can all influence market dynamics.
In conclusion, while no market is without risk, Edson’s current trends provide solid ground for both cautious optimism among potential investors and confidence among sellers that their property value is likely to appreciate over time.
