Clyde, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the most recent data, the real estate market in Clyde, Alberta is experiencing steady growth. The median house price stands at $500,000, which indicates a healthy year-over-year increase of 3.5%. This growth suggests a stable demand for single-family homes in the area. Concurrently, the median apartment price has reached $300,000, with a slightly lower but still positive year-over-year trend of 2.1%. The differing growth rates between housing types could imply a stronger preference or demand for houses over apartments within the community.
These statistics reflect an active market that is managing to attract homebuyers despite broader economic conditions. With a population of 15,000 that has grown by 7.1%, Clyde is evidently undergoing expansion, further reinforcing the housing demand. This demographic development could be a result of various factors including job opportunities, quality of life improvements, or regional investments that attract new residents.
Investment Opportunities and Potential
For investors considering Clyde’s real estate market, there are several points to consider. The steady increase in property values indicates a robust market with potential for capital gains over time. Single-family homes appear to be particularly promising given their higher appreciation rate compared to apartments. Furthermore, the significant population growth suggests that rental properties may also represent a lucrative opportunity due to increased demand for housing as more people move into the area.
Investors should also assess local economic drivers and amenities which can impact long-term property values and rental market stability. For instance, proximity to schools, healthcare facilities, and employment centers can significantly enhance investment attractiveness.
Future Market Outlook
Looking forward, the outlook for Clyde’s real estate market remains optimistic based on current trends. Continued population growth at a rate of 7.1% will likely sustain housing demand and could lead to further increases in property values if supply does not keep pace with demand. Moreover, as economic conditions evolve both provincially and nationally, Clyde may benefit from broader trends such as remote work allowing people to relocate from larger urban centers.
It is important for stakeholders to monitor any changes in local policies or economic developments that could influence the real estate market dynamics. Keeping abreast of national housing finance regulations and mortgage rate changes will also be crucial for understanding future affordability and investment risks.
