Lyalta, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Lyalta, Alberta, is currently experiencing steady growth. With a median house price of $495,000 and a year-over-year increase of 3.2%, the market is showing signs of healthy demand. Similarly, the median apartment price stands at $295,000, witnessing a slower yet consistent appreciation rate of 2% over the past year.
The population of Lyalta has grown to 15,200 residents, with a growth rate of 2.7%. This demographic trend suggests a growing demand for housing which could continue to push property values upward. The rising population also indicates an increasing need for services and amenities that support residential communities.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Lyalta appear promising. The steady increase in property values reflects a robust market that could offer strong returns on investment over time. Additionally, the sustained population growth presents potential for rental investments as more people may be looking for housing options within the community.
Investors should be attentive to areas where new development or improvements are planned as these could significantly enhance property values. The demand for both houses and apartments shows that there is a diverse range of investment possibilities catering to different segments of the market.
Future Market Outlook
The future real estate market outlook for Lyalta, Alberta, seems optimistic based on the current trends. If the population continues to rise at its current pace or faster due to economic opportunities or lifestyle attractions in the area, demand for housing is likely to remain strong.
However, potential investors should also consider macroeconomic factors such as interest rates, employment rates, and regional economic health when forecasting long-term market conditions. Keeping an eye on these indicators will provide a more comprehensive understanding of where the Lyalta real estate market is headed.
In summary, while current trends point towards a positive trajectory for Lyalta’s real estate market, cautious optimism should guide investment decisions as markets can be influenced by numerous external variables.
