Leighmore, 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 Leighmore, Alberta, is currently experiencing steady growth. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the market is reflecting healthy demand. Similarly, the apartment sector is also witnessing growth, albeit at a more moderate pace with a median price of $300,000 and a 2.1% year-over-year increase. Such trends indicate a balanced market that is accommodating both buyers and sellers effectively.
The population of Leighmore stands at 15,000 and has recently grown by 7.1%. This significant population growth suggests increased demand for housing and can be attributed to factors such as economic opportunities in the area or an influx of residents seeking the lifestyle offered by Leighmore.
Investment Opportunities and Potential
Given the current growth rates in both house and apartment prices, Leighmore presents attractive investment opportunities. The consistent increase in property values indicates a strong potential for capital gains over the medium to long term. Furthermore, the robust population growth rate points to a growing rental market, which could benefit investors looking for steady rental income streams.
For those looking to invest in residential properties, single-family homes are appreciating at a slightly higher rate than apartments, offering potentially higher returns on investment. However, apartments may appeal to investors seeking lower entry prices and who are interested in catering to professionals or small families that might prefer apartment living.
Future Market Outlook
The future market outlook for Leighmore’s real estate appears positive. Should current trends continue—supported by ongoing population growth—demand for housing is likely to remain strong. This could further drive property value appreciation and provide continued opportunities for investors.
However, potential investors must also consider economic variables such as employment rates, interest rates, and regional economic development plans that could affect overall market health. Monitoring these factors will be key to making informed decisions in the real estate landscape of Leighmore.
