Stavely, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| 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 Stavely, Alberta is currently experiencing a period of moderate growth. With a median house price of $485,000 and an annual appreciation rate of 3.2%, the market is showing healthy upward momentum. Similarly, the apartment sector is also witnessing growth with a median price of $295,000, which has increased by 2.5% over the past year.
This steady growth in property values can be attributed to several factors including the town’s increasing population, which has risen by 3.4%. This suggests that Stavely is attracting new residents at a sustainable rate, which may be due to local economic opportunities or lifestyle factors appealing to individuals and families alike.
Investment Opportunities and Potential
For investors considering Stavely’s real estate market, there are promising opportunities particularly in residential properties. The consistent increase in median house prices indicates a stable investment environment likely to produce reliable capital gains over time. Furthermore, the solid growth in the apartment sector provides potential for investors looking to enter the rental market or those aiming for more affordable investment options.
The expanding population also presents potential for increased rental demand, suggesting that income properties could yield favorable returns as more people move into the area seeking housing. Additionally, given that the current trends show steady growth without signs of overheating, investors may find this market less volatile than others, providing a more secure investment landscape.
Future Market Outlook
The future outlook for Stavely’s real estate market appears optimistic. Given the town’s healthy population growth and ongoing property value appreciation, it is likely that these trends will continue into the near future. However, investors and homebuyers should remain cognizant of broader economic conditions and potential local developments that could impact market dynamics.
As long as the area maintains its appeal through job opportunities, quality of life, and community investments, Stavely’s real estate market should remain an attractive location for both primary homebuyers and investors. Close monitoring of economic indicators and real estate supply will be essential for accurately predicting long-term trends in this Alberta town’s real estate landscape.
