Yeoford, 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 | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 Yeoford real estate market is currently experiencing stable growth, as indicated by the year-over-year increase in property values. The median house price stands at $485,000, which marks a 3.2% increase from the previous year. This suggests that the market is healthy and properties are appreciating at a steady pace. Similarly, apartments in Yeoford are also seeing growth, with a median price of $295,000 and a 2% appreciation rate over the past year.
With a population of 15,500 that has grown by 3.3%, demand for housing is likely to continue rising. This increase in residents reflects positively on the local economy and can lead to greater consumer spending within the community. Newcomers to Yeoford may be attracted by employment opportunities, lifestyle factors, or other amenities that contribute to this upward trend in population and housing demand.
Investment Opportunities and Potential
Given the consistent growth in both the housing and apartment markets, investment opportunities in Yeoford appear promising. Investors looking at long-term capital gains would find the single-family home market attractive due to its higher year-over-year price increase. Apartments offer a slightly lower entry point for investment but still show a positive trend in value appreciation.
Additionally, with the population expanding at a rate above the national average, rental properties may also present an excellent opportunity for investors seeking steady cash flow. As new residents seek accommodation, demand for rental units is likely to rise, potentially driving up rental rates and reducing vacancy periods for landlords.
Future Market Outlook
The future outlook of Yeoford’s real estate market remains optimistic based on current trends and demographic data. If population growth continues at its current pace or increases further due to economic developments or migration trends, we can expect sustained demand for housing which should maintain upward pressure on property values.
However, prospective investors and homeowners should monitor external economic factors such as interest rates changes and regional employment trends which can influence buyer affordability and impact overall market conditions.
In conclusion, those considering entering the Yeoford real estate market—whether as buyers or investors—can do so with reasonable confidence given the area’s current performance and potential for continued growth. Nevertheless, as with any investment, careful analysis of specific properties and consideration of one’s financial position are essential steps before proceeding.
