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Faust, Alberta Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.8%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

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 $430,000

Demographics

Current Population (2025) 15,300
Previous Population (2020) 14,700
Population Change 4.1%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis






Faust, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Faust, Alberta, is currently experiencing a period of modest growth. With a median house price of $485,000 and an annual appreciation rate of 4%, the housing market is showing signs of steady upward momentum. This trend is mirrored in the apartment sector as well, where the median apartment price stands at $295,000, reflecting a slightly lower year-over-year price increase of 2.5%. The population growth rate of 4.08% suggests that the demand for housing is likely to remain robust due to incoming residents seeking accommodation.

Investment Opportunities and Potential

Prospective investors should consider Faust’s real estate market for several reasons. The consistent growth in house prices indicates a healthy market with potential for capital gains over time. Given the steady population increase, rental properties could offer sustained occupancy rates and rental yield stability. With apartment prices experiencing a more moderate rise, investment in this segment may appeal to those looking for more affordable entry points into the property market or diversification within their real estate portfolio.

Future Market Outlook

As we look ahead, Faust’s real estate market appears poised for continued growth. The solid population increase suggests that demand for housing will persist, potentially driving further price appreciation across both houses and apartments. However, investors should monitor economic indicators such as employment rates and infrastructure developments, as these factors can significantly impact future market conditions. Keeping abreast of local and national policy changes regarding property ownership and rental laws will also be crucial in assessing long-term investment viability.