Fedorah, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Fedorah, Alberta, the real estate market has shown a steady increase in property values with a median house price currently standing at $500,000 and experiencing a 3.5% year-over-year growth. The market for apartments is also on the rise, albeit at a slightly slower pace, with a median price of $300,000 and a trend of 2.1% annual growth. These trends are indicative of a healthy market with consistent demand.
The population of Fedorah has seen substantial growth at a rate of 7.1%, suggesting an influx of residents that could be contributing to the rising demand for housing. This population increase is an essential factor in sustaining long-term property value appreciation in the area.
Investment Opportunities and Potential
With the population growing rapidly, investment opportunities within Fedorah’s real estate market appear promising. The current trends show that investing in both houses and apartments could yield positive returns due to the consistent appreciation of property values. Single-family homes present a strong investment case with their higher year-over-year price increase.
Investors may also consider the apartment sector for its more accessible entry price point and potential for rental income, especially attractive if the population continues to grow, leading to increased rental demand. The diversity of investment options allows for various strategies depending on investor risk tolerance and capital availability.
Future Market Outlook
The future outlook for Fedorah’s real estate market remains optimistic given the current trends and demographic shifts. If the population continues to grow at its current rate or higher, it is likely that housing demand will remain robust, supporting ongoing property value appreciation.
However, investors should also monitor economic indicators such as employment rates, local economic development initiatives, and interest rates, as these factors can significantly influence housing market performance. As with all investments, due diligence is advised to assess risks and tailor strategies to align with projected market movements.
