Glenford, 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 Glenford, Alberta, is experiencing steady growth, which is reflected in the positive trends in housing prices. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This suggests a stable and growing market that has continued to attract buyers despite broader economic uncertainties.
Apartments in Glenford are also following an upward trend, although at a slightly slower pace. With a median price of $300,000 and an annual growth rate of 2.1%, apartments offer an accessible entry point into the real estate market for first-time homebuyers or investors looking for a lower barrier to entry.
These trends are further supported by the town’s increasing population, which has grown by 7.1%, indicating a robust demand for housing as more people choose Glenford as their home.
Investment Opportunities and Potential
Glenford’s real estate market presents several attractive investment opportunities. The consistent rise in house prices suggests confidence among investors and homeowners alike that property values will continue to appreciate over time. Moreover, the significant population growth indicates a healthy rental market with potential for high occupancy rates and stable rental income for prospective landlords.
The differential growth rate between houses and apartments opens up diverse strategies for investors: while houses may offer better long-term capital gains, apartments could be a more liquid asset with potentially higher rental yields given their lower purchase price and strong demand among smaller households or young professionals.
Future Market Outlook
Looking ahead, Glenford’s real estate market appears poised for continued growth. The steady increase in housing prices aligns with both the national trend towards urbanization and local factors such as population growth. If these demographic trends persist, we can expect sustained demand for housing which should underpin further price appreciation.
The strategic location of Glenford and its amenities could make it an increasingly desirable location for new residents seeking quality of life outside of major urban centers, thereby reinforcing its potential as a wise investment destination.
In conclusion, while no market is without risk, current indicators suggest that Glenford’s real estate market holds promise for both homeowners looking to build equity and investors seeking opportunities in a burgeoning community.
