Stavely, 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
The real estate market in Stavely, Alberta is currently experiencing steady growth. With a median house price sitting at $500,000 and an upward trend of 3.5% year-over-year, the market is demonstrating healthy demand. Similarly, apartments are becoming increasingly valuable, with a median price of $300,000 and a growth rate of 2.1% year-over-year. This suggests a balanced market where both segments—houses and apartments—are appreciating at stable rates.
Investment Opportunities and Potential
The investment potential in Stavely is anchored by its population growth rate of 7.1%, which is significantly higher than many other regions. This indicates a robust local economy and growing demand for housing. The consistent increase in property values presents a favorable environment for investors looking for capital appreciation opportunities.
In terms of rental properties, the population surge implies a larger pool of potential tenants, which could translate into lower vacancy rates and higher rental yields for investors. Therefore, both long-term equity gains and short-term cash flow strategies appear promising in the Stavely real estate market.
Future Market Outlook
The future outlook of Stavely’s real estate market remains positive. Given the sustained population growth and corresponding demand for housing, prices are expected to continue on an upward trajectory. Moreover, as the community expands and infrastructure develops to accommodate this growth, real estate could become even more attractive to prospective buyers and investors alike.
Cautious optimism is advisable due to external economic factors that can impact real estate markets broadly; however, current indicators specific to Stavely point towards ongoing growth and investment potential in the foreseeable future.
