Elkwater was Canada’s 1668th most expensive suburb by listed median house price this month.
While the median for Alberta is $379,900 , which means that Elkwater’s median price is $275,000 better than average than the rest of the province.
Alberta has the seventh most amount of properties available to property investors, with Elkwater having 248th most in the province, out of a total of 341.
Can we guarantee how well Elkwater is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Elkwater, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Will prices rise across the next year in in Elkwater? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.