Joussard, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,800 |
| Previous Population (2020) | 15,000 |
| Population Change | 5.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Joussard, Alberta, is currently experiencing steady growth. With the median house price sitting at $495,000 and demonstrating a year-over-year increase of 3.4%, the market indicates healthy demand for single-family homes. The apartment sector is also showing positive momentum, with the median apartment price at $295,000 and a growth trend of 2.3% over the same period.
This growth is underpinned by a robust population increase of 5.3%, which brings the population to approximately 15,800 residents. This demographic expansion suggests a growing demand for housing in both the purchase and rental markets. The consistent appreciation in property values points to a competitive market environment where buyers are willing to invest in local real estate.
Investment Opportunities and Potential
Joussard’s real estate market presents several opportunities for investors looking to capitalize on market trends. The steady increase in house prices indicates room for capital appreciation, suggesting that investments made now could yield profitable returns in the medium to long term. With a population growth rate outpacing many other regions, housing demand is expected to remain strong, potentially leading to further price increases and investment returns.
Apartments offer an alternative investment opportunity with a slightly lower entry price point of $295,000. Given that apartments are appreciating at a rate of 2.3% year-over-year, they represent an attractive option for those looking to diversify their portfolio or enter the market at a more accessible level.
In addition to purchase-based investments, the increasing population suggests that rental properties could benefit from high occupancy rates and rising rents. As such, purchasing rental properties in Joussard could provide stable cash flow and equity growth over time.
Future Market Outlook
The future outlook for Joussard’s real estate market remains optimistic based on current trends and demographic data. Continued population growth is likely to sustain demand for housing, supporting both property values and rental rates. If economic conditions remain favorable and the region continues to attract residents due to its amenities or employment opportunities, investors can expect ongoing positive momentum in property values.
The current trajectory of gradual appreciation suggests that the housing market is less susceptible to sudden corrections or volatility compared to markets with more extreme fluctuations. As such, Joussard represents not just immediate potential but also long-term stability for those looking to invest in real estate within Alberta.
In conclusion, careful monitoring of economic indicators and demographic trends will be crucial for investors seeking to maximize their returns in Joussard’s promising real estate market.
