Telfordville, 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 in Telfordville, Alberta
The real estate market in Telfordville, Alberta, is currently experiencing steady growth. The median house price stands at $500,000, reflecting a healthy year-over-year increase of 3.5%. This suggests a solidifying market where property values are consistently on the rise. Similarly, the median apartment price in Telfordville is $300,000 with a 2.1% increase over the same period. The moderate growth rate for apartments indicates a slightly less dynamic but stable segment of the market.
The population of Telfordville has reached 15,000 and is growing at an impressive rate of 7.1%. This rapid population growth is likely contributing to increased demand for housing within the region and may be partially responsible for the steady appreciation in property values.
Investment Opportunities and Potential in Telfordville
Given the current trends, Telfordville presents attractive investment opportunities for both residential and rental markets. Investors looking to purchase properties for long-term capital gains might find the houses more appealing due to their higher growth rate. On the other hand, apartments may provide more affordable entry points into the real estate market and appeal to those interested in generating rental income, especially given the significant population growth which could lead to higher demand for rental units.
Furthermore, as a growing community, Telfordville may also see an expansion in infrastructure and amenities which can contribute positively to property values over time. The key to maximizing investment returns will be identifying areas within Telfordville that are poised for greater development or those that will benefit from planned infrastructure projects.
Future Market Outlook for Telfordville
The future market outlook for Telfordville’s real estate appears optimistic. The consistent growth in property values coupled with robust population expansion suggests that demand for housing will continue to rise. If current economic conditions persist and no major policy changes occur that significantly affect the housing market, investors and homeowners can expect to see continued appreciation in property values.
However, potential investors should be mindful of external economic factors such as interest rates, employment rates, and regional economic developments that could impact market conditions. Keeping an eye on these macroeconomic indicators will be crucial in assessing whether Telfordville’s real estate market can maintain its current trajectory or if adjustments to investment strategies are warranted.
In conclusion, while present trends point towards a positive direction for Telfordville’s real estate market both in terms of value appreciation and investment potential, cautious optimism with vigilant monitoring of broader economic conditions is advisable when considering long-term investments in this region.
