Lafond, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $487,500 |
| 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 | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $410,000 |
| 3 bedrooms | $487,500 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Lafond, Alberta is currently experiencing a moderate growth trend. The median house price in the region stands at $487,500, which reflects a year-over-year increase of 3.2%. This rate of growth indicates a stable market that may be attracting buyers looking for value appreciation over time. Furthermore, the median apartment price is currently at $295,000, with a slightly lower growth trend of 2.5% year-over-year. The consistent but modest growth across both housing types suggests balanced market conditions that are not overly competitive.
Investment Opportunities and Potential
Given the steady increase in property values, investment opportunities within Lafond are promising. The current trends indicate that properties are appreciating at a sustainable pace, which could be attractive to long-term investors looking for capital gains. Additionally, with a population growth rate of 2%, there is ongoing demand for housing which may further bolster property values and rental market stability. Investors should consider both residential properties for capital gains and rental properties to capitalize on potential income streams.
Future Market Outlook
The future market outlook for Lafond looks optimistic based on current trends and demographic factors. With an expanding population, now standing at approximately 15,300 residents, there is likely to be continual demand for housing in the area. Assuming the local economy remains stable or grows, supporting job creation and retention, the real estate market should continue to benefit from these positive conditions. However, investors and homebuyers should keep an eye on broader economic indicators and local developments that could influence market dynamics.
