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Valhalla, 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






Valhalla, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Valhalla, Alberta, currently displays a stable upward trend in property values. The median house price is established at $500,000, with a year-over-year increase of 3.5%. This consistent growth indicates a healthy demand for single-family homes in the area. Similarly, the apartment sector is experiencing positive growth, albeit at a slightly slower rate, with the median apartment price sitting at $300,000 and an annual appreciation of 2.1%. The town’s population has reached 15,000 residents, showing a robust growth rate of 7.1%, which likely contributes to the ongoing demand for housing.

Investment Opportunities and Potential

Given the steady increase in property values and significant population growth, Valhalla presents attractive investment opportunities. The housing market’s resilience is promising for long-term capital gains, particularly in the single-family home segment which outpaces apartments in appreciation rate. Investors looking for immediate cash flow might consider the apartment market due to its lower entry price point and potential for rental income amidst an expanding population.

Future Market Outlook

The future outlook for Valhalla’s real estate market appears optimistic. Considering the current trends and population growth data, it is reasonable to anticipate continued demand for both houses and apartments. The year-over-year price increases suggest that property values will keep rising, albeit modestly; this is indicative of a stable investment environment rather than one prone to overheating or rapid fluctuations. Investors should monitor local economic factors and infrastructure developments as these could further influence market dynamics and enhance value over time.