Yates, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| 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 | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 Yates, Alberta is currently experiencing steady growth. The median house price stands at $485,000, reflecting a year-over-year increase of 3.2%. This suggests a healthy demand for single-family homes. Conversely, apartments are seeing a more modest growth with the median price at $295,000 and a year-over-year trend of 1.9%. This difference in growth rates may indicate a stronger preference for more spacious living accommodations among the residents of Yates.
Yates’s population has grown by 4.8%, indicating an influx of new residents and potential homebuyers. This population growth can exert upward pressure on property prices due to increased demand. However, the current trends suggest that the market is absorbing new inventory without significant spikes in pricing, maintaining affordability relative to other regions.
Investment Opportunities and Potential
The investment opportunities in Yates are promising given the consistent growth in both housing and apartment sectors. The stable increase in property values suggests that investments made now could yield solid returns over time. Investors should note the stronger growth rate in house prices compared to apartments, potentially making single-family homes a more attractive option for capital appreciation.
The demographic trends indicated by the population growth could also signal opportunities for investment in rental properties. As new residents look for housing, investors could benefit from purchasing properties to meet rental demands. The modest increase in apartment prices suggests that entry points for such investments remain accessible.
Future Market Outlook
The future market outlook for Yates remains optimistic based on current data trends. Assuming consistent economic conditions and sustained interest in the area, real estate values are likely to continue their upward trajectory albeit at a moderate pace. The stability of the market is appealing to both homeowners looking for long-term residence and investors seeking reliable appreciation.
The continued population growth will be a critical factor influencing future real estate demand and prices; thus, monitoring demographic changes will be essential for accurate forecasting. Infrastructure developments and economic policies that support job creation could further bolster the real estate market’s potential in Yates.
In summary, prudent investors should keep an eye on Yates as it exhibits hallmarks of a balanced and growing market with room for both short-term gains through rental income and long-term asset appreciation.
