Lyalta, 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 Lyalta, Alberta is currently experiencing steady growth. With a median house price of $500,000 and an appreciative trend of 3.5% year-over-year, the market shows signs of moderate but consistent strength. Similarly, the median apartment price stands at $300,000 with a slower yet positive trend of 2.1% year-over-year. These numbers suggest a healthy demand for housing in the area.
The population growth rate of 7.1% is notably robust and can be seen as a primary driver for the sustained demand for housing. As more people move to Lyalta, this could potentially lead to a continued upward pressure on property prices due to increased competition for available homes.
Investment Opportunities and Potential
The current real estate trends in Lyalta present several opportunities for investors. The steady increase in median house and apartment prices indicates that investment properties could yield capital gains over time. In particular, single-family homes, which are reflected in the median house price data, may offer more significant appreciation potential given their higher year-over-year price increase compared to apartments.
Additionally, with population growth outpacing national averages, rental properties could benefit from higher occupancy rates and rising rents. Investors looking to diversify their portfolio might consider Lyalta’s real estate market as an opportunity for both long-term equity growth and income generation through rental properties.
Future Market Outlook
The future market outlook for Lyalta appears cautiously optimistic. If current trends continue, including population growth and corresponding demand for housing, it is likely that the real estate market will remain buoyant. However, investors should also consider economic variables such as interest rates, employment rates, and provincial economic policies that could influence consumer confidence and purchasing power.
Given the historical resilience of Canadian real estate markets and considering Lyalta’s specific metrics like consistent price growth and substantial population increase, it is reasonable to expect that the local market may continue to perform well into the foreseeable future unless external shocks or policy changes significantly alter the economic landscape.
