Telfordville, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| 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 (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| 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 Telfordville, Alberta, is currently experiencing moderate growth. With a median house price of $485,000 and a year-over-year increase of 3.2%, the market shows healthy and steady progress. The trend for apartment prices is also on an upward trajectory, albeit at a slightly lower rate of 2% year-over-year, with the median apartment price standing at $295,000. These trends suggest that Telfordville’s real estate market is stable and growing at a sustainable pace.
The population in Telfordville has grown by 3.3%, which may be contributing to the demand for housing and the consequent rise in property values. This population growth indicates vitality in the local economy and could be a sign of consumer confidence in investing in real estate within the region.
Investment Opportunities and Potential
For investors considering Telfordville’s real estate market, there are promising opportunities particularly because of the area’s steady population increase. Investment in residential properties could yield favorable returns as demand continues to rise with population growth. The consistent appreciation of house and apartment prices suggests that investments made now have a good chance of capital gains over time.
Moreover, with median prices for both houses and apartments being relatively affordable compared to larger urban centers, there is potential for investors to enter the market at a lower point of entry while still tapping into the area’s growth potential.
Future Market Outlook
The future outlook for Telfordville’s real estate market appears positive. Given the solid year-over-year growth rates for both houses and apartments, along with a strong population increase, it is reasonable to project that these trends will continue into the near future.
If Telfordville continues to attract new residents at its current pace or higher due to economic development or other factors, demand for housing is likely to remain strong. This could drive property values up further, making real estate an attractive long-term investment.
Cautious optimism is advised for those looking into this market as external economic factors can affect local trends. However, current data indicates a robust market environment in Telfordville that holds potential for both homebuyers and investors alike.
