Clyde, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
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 | $400,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,100 |
| Previous Population (2019) | 14,900 |
| Population Change | 1.3% |
| 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 Clyde, Alberta is currently experiencing steady growth. With a median house price of $485,000, the market has seen a respectable year-over-year increase of 3.2%. This indicates a consistent demand for housing in the area and a stable investment environment. The apartment sector also shows positive movement, with a median price of $295,000 and an annual price trend rising by 2.5%. These figures suggest a balanced market where both buyers and sellers can find opportunities.
Investment Opportunities and Potential
Clyde’s real estate landscape offers diverse investment opportunities. The steady appreciation in house prices provides potential for long-term capital gains for investors focused on residential properties. Moreover, the growth in apartment prices at a slightly lower rate than houses opens up possibilities for investors looking to target the rental market, as apartments tend to be more accessible to renters. Given the town’s population growth rate of 1.3%, which is likely to fuel demand for housing, investment in Clyde’s real estate could be considered relatively low-risk with the potential for moderate returns.
Future Market Outlook
Looking forward, Clyde’s real estate market shows promise for continued growth. The population expansion of 1.3% is an encouraging sign that could translate into increased demand for housing units. If current trends hold, both the house and apartment markets should keep progressing positively, albeit at a sustainable pace rather than rapid escalation. This bodes well for maintaining market stability and avoiding volatility typically associated with boom-and-bust cycles. Investors considering entering or expanding within Clyde’s market can be cautiously optimistic about its prospects.
