Yates, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $482,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $482,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| 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 a steady growth in property values. With a median house price of $482,000, the market has seen a year-over-year increase of 4.2%. Similarly, the median apartment price stands at $295,000, which indicates a 2.5% growth from the previous year. This growth is reflective of the robust demand for housing in the region.
The population of Yates has grown to 15,500 individuals, marking a 3.3% increase. This demographic expansion contributes to the consistent demand for residential properties and suggests a healthy local economy that supports real estate investments.
Investment Opportunities and Potential
For investors looking at Yates’ real estate market, there are promising opportunities especially in the residential sector. The steady appreciation in property values presents a favorable environment for long-term capital gains.
Given the solid growth in population and housing prices, investors might focus on acquiring properties that cater to families and professionals moving to the area. Moreover, with apartments showing a slower yet positive trend in price growth, there is potential for entering the market at a lower investment point with expectations of continuous appreciation.
Future Market Outlook
The future outlook for Yates’ real estate market appears optimistic. The sustained population growth acts as a strong indicator that demand for housing will remain high. Assuming that economic conditions within Yates continue to prosper and attract new residents, it’s likely that both house and apartment prices will continue to rise.
Investors should monitor local economic developments closely as they can influence consumer confidence and impact investment decisions. If current trends persist, Yates may see its real estate market thrive even further, presenting lucrative opportunities for those investing wisely today.
