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 (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
The real estate market in Glendon, Alberta is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing consistent upward momentum. Similarly, apartments are following suit with a median price of $300,000 and a growth trend of 2.1% year-over-year. This indicates a healthy and stable housing market.
These trends reflect the broader economic conditions in Glendon, which are supported by a robust population growth of 7.1%. This demographic expansion suggests an increasing demand for housing, a positive sign for both homebuyers and investors. The sustained price growth across different types of properties further confirms that the market is accommodating the rising demand without significant volatility.
Investment Opportunities and Potential
Given the current market statistics, Glendon presents various promising investment opportunities. The continuous rise in property values indicates potential for capital gains over long-term investments. Particularly, single-family homes, with their higher year-over-year appreciation rate, offer attractive prospects for investors looking to maximize returns through resale or rental income.
The apartment sector also presents viable investment options, especially catering to smaller households or those seeking more affordable entry points into the property market. With their lower median price and steady appreciation trend, apartments in Glendon can be excellent choices for both first-time investors and seasoned portfolio builders who aim to diversify their holdings.
Future Market Outlook
Looking ahead, the future market outlook for Glendon is optimistic. The solid population growth serves as a fundamental driver for housing demand, which is expected to underpin property prices and support sustainable growth moving forward. Assuming that local economic conditions remain favorable and there are no major policy changes affecting homeownership or property investment, it is reasonable to anticipate that the current trends will persist.
However, as with any investment climate, potential risks such as economic downturns or shifts in interest rates could impact these projections. It is important for investors to remain informed about both local and national factors that could influence the Glendon real estate market’s trajectory. Diligent monitoring of economic indicators and staying abreast of regional developments will be essential for making informed decisions within this dynamic housing landscape.
