Schuler, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 15,000 |
| Population Change | 1.3% |
| 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 Schuler, Alberta is currently exhibiting steady growth. With a median house price of $485,000 and a year-over-year price increase of 2.8%, the market is showing signs of moderate but consistent appreciation. Similarly, apartments are also experiencing growth with the median price standing at $295,000 and a 2% increase over the past year. This indicates a balanced market that is growing at a sustainable pace.
Investment Opportunities and Potential
For investors considering the Schuler real estate market, there are promising opportunities to be found. The steady growth in property values suggests that investments made in residential properties are likely to benefit from appreciation over time. Additionally, with a population growth rate of 1.3%, demand for housing is expected to remain strong, which may contribute to stable rental income possibilities for investment properties. Considering the upward trend in both housing and apartment prices, investors could potentially see returns through both capital gains and rental yields.
Future Market Outlook
Looking ahead, the future market outlook for Schuler appears positive. The combination of sustained population growth and gradual property value increases points towards continued demand for housing. If current trends persist, investors can reasonably expect ongoing appreciation in property values. However, it’s important to account for macroeconomic factors and local industry developments that could impact this outlook. Investors should keep abreast of economic changes that could affect employment rates and housing demand in Schuler to make informed decisions.
