Luscar, 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 | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| 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 | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.0% |
| 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
The real estate market in Luscar, Alberta, is currently experiencing a moderate growth trajectory. With the median house price at $485,000 and a year-over-year appreciation of 3%, the market shows a steady increase in property values. Similarly, the median apartment price stands at $295,000, with a slightly lower appreciation rate of 2.5% over the past year. This growth is aligned with Luscar’s population increase of 2%, indicating a stable demand for housing in the area.
Investment Opportunities and Potential
Luscar presents promising investment opportunities, particularly in residential properties. Given the positive trends in both house and apartment prices, investors can anticipate continued appreciation in these segments. The steady population growth suggests a persistent demand for housing, which may drive rental yields and property values upward. Furthermore, investors looking to diversify their portfolio might consider Luscar’s market due to its consistent performance and potential for long-term capital gains.
Future Market Outlook
The outlook for the Luscar real estate market remains optimistic. If current trends persist, investors and homeowners can expect ongoing increases in property values. The consistent population growth implies that housing demand will remain robust, supporting the market’s stability. Moreover, as Alberta continues to develop economically, regions like Luscar may benefit from increased interest from both domestic and international buyers seeking investment or residency opportunities.
