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
1. Current Market Conditions and Trends
In Valhalla, Alberta, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, showing a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes in the area, likely driven by both local buyers and external interest. The median apartment price is also on an upward trend with a current valuation of $300,000, reflecting a more modest year-over-year growth of 2.1%.
The population of Valhalla has shown a significant increase of 7.1%, signaling an influx of new residents and potential homeowners. This demographic shift contributes to the dynamic nature of the housing market and could be indicative of broader economic growth within the region.
2. Investment Opportunities and Potential
Given the positive trends in population growth and property value appreciation, Valhalla presents several attractive investment opportunities. The steady rise in house prices suggests that investing in detached homes could yield substantial returns for those looking to hold their properties over the medium to long term.
Apartments offer a different investment profile with a slower appreciation rate at 2.1% year-over-year but may appeal to investors seeking more affordable entry points into the property market or those looking to cater to the rental market, which may expand due to population growth.
The robust population increase also points towards an opportunity for developing new residential projects and potentially commercial real estate to service the growing community’s needs.
3. Future Market Outlook
The future market outlook for Valhalla remains optimistic. With sustained population growth and consistent increases in property values, it is anticipated that both housing demand and prices will continue to rise. Infrastructure developments that typically follow population booms may further enhance property values.
However, investors should monitor economic indicators that can affect real estate markets, such as employment rates, interest rates, and regional economic policies. A continued positive trajectory in these areas could reinforce confidence in Valhalla’s real estate market as a promising location for both residential and commercial investments.
