Sangudo, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Sangudo, Alberta, is currently experiencing a steady growth trend. The median house price stands at $485,000, with a year-over-year increase of 4.2%. This indicates a healthy demand for housing in the area that is slightly outpacing the national average. On the other hand, the median apartment price is at $290,000, with a more modest growth rate of 2.5% year-over-year. This could suggest a more balanced or possibly oversupplied condition in the apartment sector.
Investment Opportunities and Potential
Investors considering Sangudo’s real estate market may find opportunities in both the residential housing and apartment segments. The consistent growth in house prices reflects a stable investment climate with potential for capital gains. With the population growing at 2.7%, there is an increasing demand for housing which could drive future price increases and rental demand. The apartment market, while growing more slowly in value, may offer potential for investors looking to enter the market at a lower price point or capitalize on rental income opportunities.
Future Market Outlook
The future market outlook for Sangudo seems promising given its solid population growth rate and ongoing housing price increases. The demographic trends suggest that the demand for housing will continue to rise, potentially leading to further growth in property values over time. However, investors should monitor economic factors such as employment rates and local industry health which can influence migration patterns and consequently, the real estate market dynamics.
