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 (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 Sibbald, Alberta is currently experiencing stable growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes and an upward trend in property values. Additionally, the median apartment price is pegged at $300,000, having risen by 2.1% from the previous year. The moderate growth rate for apartments suggests a steady market with potential room for growth.
With a population of 15,000 and a significant population growth rate of 7.1%, Sibbald is becoming an increasingly vibrant community. This demographic expansion can be attributed to the town’s economic opportunities and quality of life, which are driving factors for both the housing and rental markets.
Investment Opportunities and Potential
The real estate market in Sibbald presents diverse investment opportunities. The rising median house prices reflect a strong potential for capital gains on residential properties over time. Investors looking to enter the housing market can expect to see continued appreciation based on current trends.
Apartments in Sibbald also offer investment appeal due to their lower entry price point of $300,000 and steady price growth. Rental properties are likely to be in high demand given the robust population increase, providing investors with the potential for stable rental income streams as well as long-term asset appreciation.
Future Market Outlook
The outlook for Sibbald’s real estate market remains optimistic. The consistent growth in housing prices coupled with significant population expansion suggests that demand for housing will continue to rise. Should these trends persist, investors and homeowners can anticipate ongoing increases in property values.
The key drivers of this positive outlook include Sibbald’s economic development prospects, attractiveness to new residents, and the overall health of the Canadian real estate market. However, potential investors should monitor local economic indicators and national policy changes that might affect mortgage rates and borrowing conditions.
In conclusion, Sibbald’s real estate market offers promising opportunities for both homebuyers and investors, supported by sound economic fundamentals and favorable demographic trends.
