Analta, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.7% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
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 real estate market in Analta, Alberta is currently experiencing steady growth. With a median house price of $505,000, the market has seen a year-over-year increase of 4.2%, indicating consistent appreciation in property values. This is buoyed by the town’s population growth of 3.3%, which is significantly contributing to housing demand.
Apartments in Analta are also reflecting positive growth, with the median apartment price at $295,000 and a year-over-year trend showing a 2.7% increase. This slower rate of appreciation compared to houses suggests that apartments may be an attractive entry point for first-time buyers or investors seeking more affordable options.
The local economy’s health and infrastructure development likely contribute to these trends, making Analta an appealing location for both residents and investors.
Investment Opportunities and Potential
Given the robust population growth and upward trending property values, Analta presents notable investment opportunities. The steady increase in median house prices demonstrates the potential for long-term capital gains for those investing in residential properties.
The market’s resilience indicates that rental properties could also offer stable yields. Investors might find particular potential in multi-family dwellings or apartment units, considering the lower median price point yet consistent appreciation.
New developments and constructions aligned with community growth could cater to incoming residents or those seeking to upgrade their living situations within Analta. Thus, development projects could be another avenue worth exploring for real estate investors.
Future Market Outlook
The future outlook for Analta’s real estate market appears optimistic. Population growth is a key driver of housing demand and with a 3.3% increase; this trend is expected to continue fueling the local real estate market.
The sustained appreciation of house and apartment prices suggests a stable market poised for further growth. While current trends indicate healthy increases in property values, investors should remain vigilant as external economic factors and regional policies can impact future performance.
In conclusion, careful monitoring of economic indicators and staying informed on local developments will be crucial for investors looking to capitalize on Analta’s real estate market potential.
