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Vauxhall, Alberta Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.6%

Apartment

Median price $295,000
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 $580,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $320,000
3 bedrooms $400,000

Demographics

Current Population (2025) 15,000
Previous Population (2020) 14,500
Population Change 3.4%
Total Private Dwellings 6,000
Occupied Private Dwellings 5,500
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis






Vauxhall, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Vauxhall, Alberta is currently experiencing a steady growth in property values. With a median house price of $485,000, the year-over-year increase stands at 4%, which indicates a healthy and upward trajectory for home values in the region. This is slightly above the national average, suggesting that Vauxhall is experiencing a stronger market trend than many other Canadian locations.

In the apartment sector, the median price is currently $295,000, with an annual growth rate of 2.5%. While this growth is more modest compared to houses, it still signals positive movement in the local real estate market. The population of Vauxhall has reached approximately 15,000 residents, witnessing a robust growth rate of 3.4%. Such demographic expansion is conducive to increased housing demand, which may further propel both rental and purchase markets.

Investment Opportunities and Potential

The vibrant market conditions suggest that Vauxhall holds substantial investment opportunities. Given the solid growth in house prices, investors might find value in purchasing residential properties for long-term capital appreciation. Rental properties could also benefit from the population increase, as demand for housing could lead to higher occupancy rates and potentially greater rental yields.

Furthermore, the ongoing upward trend in apartment prices offers an attractive entry point for investors looking to diversify their portfolios with multi-family units. Investing in apartments now could yield considerable returns due to expected future price escalations driven by demographic and economic factors.

Future Market Outlook

The future outlook for Vauxhall’s real estate market remains optimistic. Assuming consistent economic conditions and population trends, we can anticipate continued growth in property values. The persistent rise in population at a rate of 3.4% per annum will likely sustain demand for both purchased and rented properties.

If current trends persist or improve, investors and homeowners may see their assets appreciate further. Nevertheless, it’s important to note that external macroeconomic factors such as interest rates, employment rates, and regional economic developments could impact these projections. Potential investors should consider these elements alongside current statistics to make informed decisions.