Leighmore, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 in Leighmore, Alberta
The real estate market in Leighmore, Alberta is experiencing steady growth as indicated by current housing trends. With a median house price sitting at $485,000, the market has seen an increase of 3% year-over-year. This suggests a healthy demand for houses in this region, likely fueled by the area’s economic stability and quality of life. Similarly, the median apartment price has reached $290,000, following a positive trend with a 1.8% year-over-year increase.
The population of Leighmore is on an upward trajectory as well, currently standing at 15,500 residents and growing at a rate of 3.3%. This growth likely contributes to the consistent demand for housing and supports the overall market expansion. With these figures in hand, it’s clear that Leighmore’s real estate market is robust and presents a hospitable environment for homeownership and investment alike.
Investment Opportunities and Potential in Leighmore, Alberta
Considering the steady appreciation in property values, Leighmore presents attractive investment opportunities for both residential and rental properties. The consistent population growth serves as a foundational driver for long-term housing demand, suggesting that investments made now could yield profitable returns over time.
For potential investors, targeting the apartment sector might offer an entry point with a lower barrier to investment given the relatively moderate median apartment price of $290,000 compared to detached homes. Rental properties are also likely to benefit from the population increase as new residents may seek temporary accommodation before purchasing homes. Overall, the data points towards a sustainable growth trend that underpins both immediate and future investment potential.
Future Market Outlook for Leighmore, Alberta
Projecting into the future, Leighmore’s real estate market is poised for continued growth. The consistent rise in housing prices coupled with ongoing population increases creates an environment ripe for sustained appreciation of property values.
Given these factors and assuming stability in broader economic conditions, we can anticipate further development within Leighmore’s housing sectors. New construction may accelerate to keep up with demand from the growing populace. Additionally, given recent trends, it would not be unreasonable to expect similar or even greater growth rates in median house and apartment prices over the coming years.
Investors should monitor local economic drivers such as employment rates, infrastructure development plans, and regional policies affecting real estate to stay ahead of potential shifts in market dynamics. However, if current trends persist, Leighmore’s market outlook appears highly promising for both homeowners and investors.
