Langdon, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Langdon, Alberta is currently experiencing moderate growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes in the area, likely driven by local economic factors and the attractiveness of Langdon as a residential community. In comparison, the median apartment price is $300,000, with a slightly lower growth rate of 2.1% year-over-year. This suggests that the market for apartments is also expanding, albeit at a more conservative pace.
Langdon’s population has recently grown to 15,000 residents, with an impressive population growth rate of 7.1%. Such demographic expansion can have a direct positive impact on housing demand, further supporting the observed trends in property values.
Investment Opportunities and Potential
The current trends in Langdon’s real estate market offer promising opportunities for investors. The steady increase in property values coupled with strong population growth suggests that demand for housing will remain robust. Investment in single-family homes could be particularly lucrative given their higher growth rate compared to apartments.
The area’s demographic trend also indicates potential for rental investments as newcomers may initially seek rental accommodation before purchasing homes. Investors should consider both long-term capital appreciation prospects as well as the potential for stable rental income when evaluating opportunities in Langdon.
Future Market Outlook
The outlook for Langdon’s real estate market remains positive. If the current trends continue, we can anticipate ongoing increases in property values, albeit potentially at a more tempered rate as the market adjusts to supply and demand dynamics. The consistent population growth serves as an underlying driver that may bolster housing demand over time.
In light of these indicators, prospective buyers and investors may find it advantageous to enter the market sooner rather than later to capitalize on future price appreciations. It is crucial for stakeholders to monitor economic conditions, interest rates, and local developments closely, as these factors will influence the trajectory of Langdon’s housing market moving forward.
