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 currently characterized by a steady growth in property values. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is demonstrating resilience and attractiveness to potential homeowners. Similarly, the median apartment price stands at $300,000, with a slightly lower but still positive year-over-year increase of 2.1%. This growth pattern suggests that Leedale is maintaining a healthy balance between affordability and investment value.
The population of Leedale has reached 15,000 residents, which marks a significant increase of 7.1% in population growth. This demographic expansion indicates a growing demand for housing and points towards an influx of new residents who are contributing to the economic vitality of the area.
Investment Opportunities and Potential
Given the steady climb in property values and the robust population growth, Leedale presents promising investment opportunities for both residential and commercial real estate investors. The consistent rise in home prices reflects an enduring demand that could benefit long-term investors seeking capital gains. Additionally, rental investors may find opportunities due to potential increases in rental demand driven by the expanding population.
For those looking at more immediate returns, the apartment sector—with its lower entry price point and 2.1% price increase pace—can be particularly appealing for investors wanting to capitalize on a growing market without committing to the higher investment thresholds required for single-family homes.
Future Market Outlook
The future real estate market outlook for Leedale appears optimistic based on current trends and underlying fundamentals. Considering the solid year-over-year property value increases and substantial population growth rates, it is reasonable to anticipate continued strength in the housing sector. As long as economic conditions remain supportive with job creation and infrastructure development keeping pace with population trends, Leedale’s real estate market should maintain its upward trajectory.
Moreover, with Alberta’s overall economy showing signs of stability and growth after recent challenges, confidence in the real estate market remains high. Investors should monitor local economic indicators such as employment rates, new business registrations, and municipal planning initiatives for further insight into Leedale’s market potential.
