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 (2025) | 15,000 |
| Previous Population (2020) | 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 in Fedorah, Alberta is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes and indicates that the housing market is keeping pace with inflationary pressures and possibly benefiting from local economic factors.
Similarly, the apartment sector is also showing positive trends with a median price of $300,000 and a growth rate of 2.1% year-over-year. Although this growth is slightly more modest than that of houses, it remains indicative of a stable investment environment for multi-family dwellings. This balanced growth across different housing types reflects a diverse range of buyers and investors entering the market.
The population of Fedorah stands at 15,000 with an impressive growth rate of 7.1%, which is significantly higher than many other regions. This influx of new residents is likely contributing to the increased demand for housing and could signify an emerging trend of urbanization or regional economic development attracting people to the area.
Investment Opportunities and Potential
The robust population growth paired with consistent increases in property values suggest that Fedorah offers promising investment opportunities, especially for those looking to enter the market on a long-term basis. Single-family homes, with their higher growth rate, present particularly attractive investment potential due to the higher demand reflected in their pricing trends.
Apartments also represent an important segment for investors to consider, especially as rental demand may rise concurrently with population increases. The steady appreciation in apartment prices indicates a sustainable market where investors can expect continued growth without the volatility observed in some overheated markets.
Given these factors, both owner-occupied purchases and buy-to-let investments have strong prospects in Fedorah’s growing economy. Investors should also be mindful of potential development projects or infrastructure improvements that could further enhance property values over time.
Future Market Outlook
Looking forward, Fedorah’s real estate market appears poised for continued growth. The combination of solid price trends and substantial population increases lays a foundation for ongoing demand for both houses and apartments. Assuming that local economic conditions remain favorable and support job creation, the housing market should maintain its upward trajectory.
However, potential investors and homeowners must also consider external economic factors such as interest rates, provincial policies on housing, and broader national economic trends that could impact the future market outlook. While current indicators are positive, vigilance in monitoring these variables will be key to making informed decisions in Fedorah’s real estate landscape.
In conclusion, Fedorah’s real estate market shows healthy signs of growth with excellent prospects for investment opportunities driven by strong population dynamics and consistent property value appreciation. As always, individuals should conduct thorough due diligence before entering this vibrant market.
