Langdon, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Langdon, Alberta
As of the latest available data, Langdon’s real estate market is characterized by steady growth. The median house price stands at $525,000, indicating a robust year-over-year increase of 4%. This growth suggests a healthy demand for single-family homes, reflecting the suburban appeal of Langdon. Meanwhile, the median apartment price is $315,000, with a slightly lower year-over-year price trend of 2.5%. This difference in growth rates may indicate a stronger preference among buyers for houses over apartments or a relative scarcity of apartment offerings in the area.
The population of Langdon has reached 15,300, with a population growth rate of 2%. Such demographic trends are typically positive indicators for real estate demand, suggesting that the market is likely to remain active as long as the local economy and quality of life continue to attract new residents.
Investment Opportunities and Potential in Langdon, Alberta
The ongoing rise in house prices coupled with consistent population growth presents numerous investment opportunities within Langdon’s real estate market. Properties here could be a sound investment for those looking to capitalize on both capital appreciation and rental income potential. Given the current trends, single-family homes appear to be particularly promising investments due to their higher appreciation rates.
Investors should also consider the long-term rental market prospects. With an increasing population, there will likely be a sustained demand for rental properties. The current rate of appreciation for apartments might suggest an opportunity for investors to enter at a more accessible price point before potential future increases if demand intensifies.
Future Market Outlook for Langdon, Alberta
The future market outlook for Langdon remains cautiously optimistic. Continued population growth should support the demand for housing. Moreover, if current economic conditions persist and interest rates remain favorable, this could further fuel the real estate market’s momentum.
The sustained 4% year-over-year increase in house prices indicates a stable environment that may attract both occupiers and investors alike; however, it’s crucial to monitor economic drivers such as employment rates and infrastructural developments which can significantly impact future market conditions. As always, potential shifts in regulatory policies or unforeseen macroeconomic factors could alter projections.
In conclusion, based on current trends and statistics, Langdon’s real estate market offers promising opportunities but requires careful attention to broader economic indicators and regional developments to maximize investment outcomes.
