Stry, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.5% |
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 | $330,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,800 |
Population Change | 2.7% |
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 Stry, Alberta is currently experiencing steady growth. With a median house price of $485,000, the market has seen a healthy appreciation of 3.2% year-over-year. Likewise, the median apartment price stands at $295,000, with a moderate increase of 1.5% year-over-year. This consistent growth indicates a stable market that has been resilient to recent economic fluctuations.
The local population of 15,200 has been growing at a rate of 2.7%, suggesting a burgeoning community that is attracting new residents. This influx is likely contributing to the demand for housing and supporting the positive price trends observed in the region.
Investment Opportunities and Potential
Stry’s real estate market presents attractive investment opportunities, particularly given the steady growth in housing prices. Investors can expect capital gains over time due to the upward trend in property values. The continuous population growth further bolsters confidence in the rental market, ensuring that rental properties are likely to remain in demand.
The more modest appreciation rate of apartments compared to houses suggests that there may be opportunities for investors to enter the market at a lower price point, potentially enjoying higher yield returns as rental demand grows alongside population increases.
Future Market Outlook
The future outlook for Stry’s real estate market appears promising. The sustained population growth should continue to drive demand for both ownership and rental properties. Assuming economic conditions remain favorable and interest rates stable, the current trends of gentle price appreciation are expected to persist.
The key factors influencing this positive outlook include ongoing local economic development, infrastructure investments, and demographic shifts favoring smaller communities such as Stry. Investors and potential homebuyers should monitor these trends closely to make informed decisions about entering or exiting this vibrant market.