Leedale, 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 (2025) | 15,000 |
| Previous Population (2020) | 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
The real estate market in Leedale, Alberta is experiencing a period of steady growth. With a median house price of $500,000, the market has seen a modest year-over-year increase of 3.5%. This trend indicates a stable demand in the housing segment. Similarly, the median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This suggests that while apartments are appreciating in value, they are doing so at a more measured pace compared to houses.
The population of Leedale has seen significant growth, with an increase of 7.1%, totaling around 15,000 residents. This demographic expansion is likely contributing to the demand for housing in the area, thereby supporting the current upward pricing trends.
Investment Opportunities and Potential
The positive trend in Leedale’s real estate market presents various opportunities for investors. The solid growth in house prices suggests that investments in residential properties could yield profitable returns over time. The continual population growth further supports the potential for rental properties to meet the increasing demand for housing.
Apartments offer a relatively more affordable entry point into the real estate market for both investors and first-time homebuyers. The consistent appreciation in apartment values provides an opportunity for long-term capital gains while also serving as an attractive option for rental income given the expanding local workforce and potential influx of residents seeking more budget-friendly living options.
Future Market Outlook
The future outlook for Leedale’s real estate market appears optimistic. Given the steady population growth and sustained increase in property values, it is reasonable to expect that these trends will continue into the foreseeable future. Investment in housing development could be particularly lucrative as the need for additional residential units is likely to rise with the growing population.
Cautious optimism is advised as external economic factors could affect market dynamics; however, current indicators suggest that Leedale’s real estate market is poised for continued growth. Investors and homebuyers alike should stay informed on local developments which may impact property values and demand levels moving forward.
