Walsh, 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 Walsh, Alberta is currently experiencing stable growth. The median house price in the area is $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes and a competitive market environment. Similarly, the median apartment price stands at $300,000, which has risen by 2.1% from the previous year. This slower growth rate compared to houses indicates a slightly softer but still positive market for apartments.
Walsh’s population has shown a significant increase of 7.1%, indicating a growing community that could continue to fuel housing demand. The influx of residents may be attributed to new employment opportunities, lifestyle preferences, or other socioeconomic factors contributing to the town’s appeal.
Investment Opportunities and Potential
Considering Walsh’s steady population growth and consistent property value appreciation, the local real estate market presents promising investment opportunities. The continued rise in house prices suggests that investing in residential properties could yield favorable returns over time. Moreover, the current trends point towards long-term growth potential, particularly for investors looking to enter the market before it reaches higher price points.
The apartment sector’s smaller yet positive growth rate also presents an opportunity, especially for investors focusing on rental income. As the community expands, so does the need for diverse housing options, which may increase rental demand in the coming years. Given these factors, both rental and resale markets hold potential for investors with different strategies and time horizons.
Future Market Outlook
The future outlook for Walsh’s real estate market remains optimistic based on current trends and demographic shifts. If the population continues to grow at its current pace, housing demand is likely to strengthen further, potentially pushing property values up across both houses and apartments.
Economic factors such as employment rates, infrastructure development, and interest rates will also play critical roles in shaping the future of Walsh’s housing market. Assuming that these indicators remain favorable and supportive of growth in Alberta more broadly, Walsh’s real estate market should maintain its upward trajectory.
In conclusion, while no market is without risks, Walsh presents a compelling case for real estate investment based on its recent performance and prospects. Stakeholders are advised to monitor key economic indicators closely and consider local developments that may impact supply and demand dynamics.
