Sibbald, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 in Sibbald, Alberta
The real estate market in Sibbald, Alberta is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%, indicating a healthy demand for single-family homes. In contrast, the median apartment price stands at $300,000 with a slightly lower growth rate of 2.1% over the same period. This suggests that while apartments are appreciating in value, houses are more sought after and could be driving the local market.
The population of Sibbald has reached 15,000 residents, demonstrating a significant growth rate of 7.1%. This influx of new residents is likely contributing to the increased demand for housing in the region and may continue to provide upward pressure on property values as supply struggles to keep pace with demand.
Investment Opportunities and Potential in Sibbald
Given the current trends, Sibbald represents an attractive location for real estate investors. The consistent appreciation in house prices points to a stable investment environment with potential for continued capital gains. The ongoing population growth suggests that rental properties could also be a viable investment strategy as new residents seek housing options.
With apartments experiencing a slower rate of appreciation compared to houses, investors might find opportunities in this segment for long-term equity growth while catering to those who cannot afford or prefer not to live in single-family homes. Furthermore, given the overall health of the market, new development projects could also be worth exploring to meet the growing housing demand.
Future Market Outlook for Sibbald
The future market outlook for Sibbald remains positive based on current indicators. Population growth is expected to continue at a robust pace, which will invariably sustain demand for housing. With economic conditions remaining favorable and interest rates relatively stable, both the house and apartment markets should maintain their upward trajectory.
However, it is important for investors and potential homeowners to monitor local economic factors that could impact the real estate market. Factors such as employment rates, infrastructure developments, and changes in local policies must be considered when projecting future market performance.
Overall, if present trends persist—coupled with prudent economic management by local authorities—Sibbald’s real estate market appears poised for sustained growth in both the short and long term. Investors and homebuyers can reasonably expect continued appreciation in property values making it an opportune time to consider entering or expanding their presence in this market.
