Lousana, 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 Lousana, Alberta, is experiencing a period of moderate growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector is showing resilience in the face of broader economic factors. Similarly, the market for apartments is also seeing a positive trajectory with a median price set at $300,000 and a year-over-year increase of 2.1%. These trends indicate a stable demand for residential properties in Lousana.
Investment Opportunities and Potential
Lousana’s consistent population growth of 7.1% suggests an expanding market with increasing long-term demand for housing. The steady rise in property values offers potential for capital gains to real estate investors. Houses are currently leading the market in terms of price growth, which may signal a more significant opportunity for investors looking at single-family homes or larger residential properties. However, apartments with their lower entry price point represent an accessible investment opportunity, particularly for those seeking rental income in a growing community.
Future Market Outlook
The future market outlook for Lousana’s real estate appears optimistic. Given the solid population increase and sustained property value appreciation rates, both residential and rental markets are expected to remain robust. The ongoing economic development within the region is likely to support continued demand for housing. Investors can be cautiously optimistic about entering the market, bearing in mind that external economic factors could influence these trends over time.
