Leslieville, 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
1. Current Market Conditions and Trends
The current real estate market in Leslieville, Alberta, demonstrates a steady growth trajectory. With a median house price of $500,000, the region has seen a 3.5% year-over-year increase in house prices. This indicates a healthy demand for detached homes and an upward trend that could interest homeowners and investors alike. Similarly, the median apartment price is currently at $300,000 with a slightly lower growth rate of 2.1% year-over-year. The slower growth in apartment prices suggests that while there is an appreciation in value, the market for apartments is not as vigorous as for houses.
Leslieville’s population stands at 15,000 with an impressive growth rate of 7.1%, which is indicative of the town’s growing appeal and possibly contributing to the steady rise in property values due to increased demand.
2. Investment Opportunities and Potential
The robust population growth coupled with consistent property appreciation presents attractive investment opportunities in Leslieville. Investors should consider entering the market now to capitalize on the sustained increase in property values. The higher growth rate in house prices suggests that investing in detached homes may offer better capital gains in the short to medium term. Apartments can be considered for long-term investments or for targeting rental markets given their affordability.
Moreover, as more people are drawn to Leslieville due to various factors such as employment opportunities or lifestyle preferences, the rental demand is likely to rise alongside property values—benefiting potential landlords and real estate investors focused on income-generating properties.
3. Future Market Outlook
The future outlook for Leslieville’s real estate market remains optimistic based on current trends and demographic data. Considering the substantial population growth and ongoing property value appreciation, it’s predicted that both housing and apartment markets will continue to see positive momentum.
In light of these factors, prospective buyers may find Leslieville an appealing destination not just for its investment potential but also for its burgeoning community and quality of life. However, it is crucial to monitor economic indicators such as employment rates, interest rates, and regional development plans, as they could significantly impact future market conditions.
Analyzing historical data trends alongside population dynamics can help investors make informed decisions about when to enter or exit the Leslieville market. It would be prudent for stakeholders to maintain vigilance over local and national economic shifts while considering long-term strategies that align with the region’s inherent growth patterns.
