Evergreen, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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
1. Current Market Conditions and Trends
The real estate market in Evergreen, Alberta, is currently experiencing a period of steady growth. With a median house price of $520,000, which reflects a 4% increase year-over-year, the market is demonstrating resilience and upward momentum. Similarly, the median apartment price stands at $310,000, with a slightly lower growth rate of 2.5% year-over-year.
This consistent appreciation in property values is indicative of a healthy demand for housing within the region. The population growth of 3.3% further substantiates this demand as more individuals and families are drawn to Evergreen for its economic opportunities and quality of life.
2. Investment Opportunities and Potential
For investors looking at the Evergreen real estate market, there are promising opportunities given the steady price appreciation. Single-family homes have been particularly strong performers with their robust year-over-year price increase of 4%. These homes are likely to continue to be attractive investment assets due to their appeal to families attracted by the region’s amenities and lifestyle.
Apartments offer a more accessible entry point into the real estate market at $310,000, with a stable appreciation trend of 2.5%. As population growth continues to fuel demand for rental properties, investors can potentially benefit from both capital growth and rental income.
3. Future Market Outlook
The future outlook for Evergreen’s real estate market remains optimistic. Population growth is projected to sustain at a healthy rate, which will likely drive continued demand for housing in both the purchase and rental markets. If current economic conditions persist and no significant external shocks affect the market, investors and homeowners can reasonably expect continued moderate growth in property values.
It is important for stakeholders to stay informed about local developments that could impact these trends, such as changes in employment rates, infrastructure projects, or policy changes affecting the housing market. Overall, Evergreen presents itself as a stable environment for real estate investment with potential for ongoing growth.
