Glendon, 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 Glendon, Alberta
The real estate market in Glendon, Alberta, is currently experiencing steady growth. With the median house price sitting at $500,000 and a year-over-year increase of 3.5%, the market shows healthy appreciation rates. This is likely reflective of both demand in the area and overall economic conditions that support housing investments.
Apartments are similarly showing a positive trend with a median price of $300,000 and a growth rate of 2.1% over the past year. This suggests that smaller residential properties are also in demand, potentially driven by first-time homebuyers or individuals looking for more affordable housing options.
The local population has seen a substantial increase of 7.1%, which may be contributing to the housing demand and underpinning the current market conditions. This influx is significant for a town of 15,000 residents, suggesting robust local economic conditions or an influx of people attracted by employment opportunities or lifestyle factors unique to Glendon.
Investment Opportunities and Potential in Glendon
With its growing population and steady property value appreciation, Glendon offers promising investment opportunities. The consistent growth in house prices indicates a stable environment for real estate investments with potential for long-term returns.
Investors may find particular interest in the apartment sector where the lower entry price point of $300,000 coupled with a 2.1% appreciation rate presents an accessible opportunity with room for capital growth. As population increases often lead to higher rental demand, this segment could offer investors strong rental yields alongside appreciation potential.
The diversity in property types within Glendon’s real estate market also suggests various avenues for investment strategies – from purchasing single-family homes to capitalize on value appreciation to targeting multi-unit residential buildings that might cater to an expanding rental market.
Future Market Outlook for Glendon
Glendon’s future real estate market outlook appears optimistic given its current trajectory. Population growth remains a key driver for housing demand and is likely to continue supporting property values if the trend persists.
If economic conditions remain favorable and the local economy continues to attract new residents, we can expect ongoing moderate price increases across both houses and apartments. However, prospective investors should consider factors such as interest rate changes, local employment rates, and regional economic developments that could have implications on future market dynamics.
Given the data available, it is reasonable to predict that Glendon’s real estate will remain an attractive option for both homebuyers and investors alike. Monitoring these trends closely will be important for those looking to enter the market or adjust their investment portfolios according to shifting conditions.
