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Glenford, Alberta Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.9%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $485,000
4 bedrooms $550,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $320,000
3 bedrooms $400,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 15,000
Population Change 3.3%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,800
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Glenford, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Glenford, Alberta is currently characterized by steady growth. The median house price stands at $485,000, which represents a 4% year-over-year increase. This suggests a healthy demand for housing in the area that is pushing prices up moderately. Similarly, the median apartment price has seen a growth of 2.5% year-over-year, with a current value of $295,000. The incremental growth in apartment prices indicates a consistent but slower rate of appreciation compared to houses, which may reflect a more substantial demand for single-family homes.

Glenford’s population has grown by 3.3%, demonstrating the town’s increasing attractiveness as a residential location. This population increase is likely contributing to the housing demand and subsequently impacting prices.

Investment Opportunities and Potential

The positive trends in Glenford’s real estate market indicate promising investment opportunities. The continuous increase in housing prices at a steady pace suggests that investments in residential properties could yield solid returns over time. Investors should feel encouraged by the town’s population growth, as this signals a potential for continued demand for rental properties.

Given the slower rate of appreciation for apartments, investors might find these properties to be more accessible entry points into the market, with good long-term appreciation potential. Additionally, new developments meeting current housing demands or offering unique amenities could capitalize on the market’s growth trajectory and provide attractive investment options.

Future Market Outlook

The future outlook for Glenford’s real estate market appears optimistic based on current trends. With ongoing population growth and sustained increases in property values, it is reasonable to expect that these trends will continue in the near term.

As long as economic conditions remain stable and potentially improve further, Glenford’s real estate market should maintain its upward momentum. Investors and homebuyers can look forward to a robust market with potential for both capital gains and rental income. However, it is important for stakeholders to monitor economic indicators closely, as changes in employment rates or regional economic policies could influence future market conditions.