Real Estate Market Report for
Legal, AB

Updated : Aug 2016
House
  • Median price $315,000
  • Monthly growth 29.95 %
  • Quarterly trend
  • Stock on market 3.02%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Legal Home Price

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The median asking price in Legal is $315,000, an improvement on the median three months ago which was $279,200 .

In Aug the median listed house price of $315,000 in Legal was an above average compared to the rest of Alberta.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

There are 339 neighbourhoods that have more properties on sale than Legal at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.

As one of Alberta’s many potential real estate investment neighbourhoods, Legal needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

As one of Alberta’s many potential real estate investment neighbourhoods, Legal needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Legal have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $209,900
3 bedrooms $293,450
4 bedrooms $359,350
Demographics
  • Population in 20111225
  • Population in 20061192
  • 2006 to 2011 population change (%)2.8
  • Total private dwellings464
  • Private dwellings occupied by usual residents439
  • Population density per square kilometre381
  • Land area (square km)3.22
  • Age Characteristics
    Total population by age groups 1225
    0 to 4 years 120
    5 to 9 years 80
    10 to 14 years 90
    15 to 19 years 95
    15 years 20
    16 years 20
    17 years 20
    18 years 15
    19 years 15
    20 to 24 years 65
    25 to 29 years 80
    30 to 34 years 110
    35 to 39 years 80
    40 to 44 years 75
    45 to 49 years 80
    50 to 54 years 80
    55 to 59 years 80
    60 to 64 years 55
    65 to 69 years 60
    70 to 74 years 20
    75 to 79 years 15
    80 to 84 years 25
    85 years and over 25
    Median age of the population 34.4
    % of the population aged 15 and over 76.8
  • Marital Status
    Total population 15 years and over by marital status 945
    Married or living with a common-law partner 605
    Married (and not separated) 520
    Living common-law 85
    Not married and not living with a common-law partner 340
    Single (never legally married) 215
    Separated 30
    Divorced 40
    Widowed 55
    Family Characteristics
    Total number of census families in private households 345
    Size of census family: 2 persons 155
    Size of census family: 3 persons 80
    Size of census family: 4 persons 70
    Size of census family: 5 or more persons 45
    Total number of census families in private households 345
    Total couple families by family structure and number of children 300
    Married couples 255
    Without children at home 110
    With children at home 150
    1 child 55
    2 children 55
    3 or more children 35
    Common-law couples 45
    Without children at home 20
    With children at home 20
    1 child 10
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 45
    Female parent 35
    1 child 15
    2 children 10
    3 or more children 5
    Male parent 15
    1 child 10
    2 children 5
    3 or more children 0
    Total children in census families in private households 405
    Under six years of age 130
    6 to 14 years 145
    15 to 17 years 60
    18 to 24 years 50
    25 years and over 20
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 1190
    Number of persons not in census families 150
    Living with relatives 20
    Living with non-relatives only 40
    Living alone 95
    Number of census family persons 1045
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 120
    Number of persons not in census families aged 65 years and over 40
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 35
    Number of census family persons aged 65 years and over 80
    Total number of private households by household type 435
    Census-family households 335
    One-family-only households 305
    Couple-family households 270
    Without children 115
    With children 155
    Lone-parent-family households 40
    Other family households 25
    One-family households with persons not in a census family 20
    Couple-family households 15
    Without children 5
    With children 10
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 105
    One-person households 95
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 440
    Single-detached house 395
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 45
    Semi-detached house 5
    Row house 30
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 0
    Total number of private households by household size 435
    1 person 95
    2 persons 145
    3 persons 75
    4 persons 70
    5 persons 40
    6 or more persons 20
    Number of persons in private households 1190
    Average number of persons in private households 2.7
Census 2011

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