Walsh, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $560,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| 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 Walsh, Alberta is currently exhibiting a stable growth pattern. With a median house price of $485,000 and an annual appreciation trend of 2.5%, the market is moving at a steady pace. This moderate increase in house prices reflects both the demand for housing and the overall economic stability of the region.
Similarly, the apartment sector shows resilience with a median price standing at $295,000 and a year-over-year growth trend of 1.8%. The somewhat slower growth in apartment prices compared to houses suggests that there might be a higher demand for single-family homes or that the apartment market has more supply relative to demand.
The population of Walsh currently stands at 15,200 and has been growing at a rate of 1.33% per year. This continuous population growth contributes to the consistent demand for housing and helps maintain the health of the real estate market.
Investment Opportunities and Potential
Given the steady market conditions, Walsh presents several attractive investment opportunities. The consistent year-over-year growth in both houses and apartments indicates room for capital appreciation over time. For investors looking for long-term investments, purchasing properties at median price points could potentially yield sound returns as the market continues to grow.
The ongoing population growth also hints at a sustained or increasing demand for rental properties. Investors focused on income-generating assets may find Walsh’s rental market appealing, particularly if they invest in areas where population influx is higher or where amenities are being developed to cater to new residents.
Future Market Outlook
Looking ahead, Walsh’s real estate market appears poised for continued growth. The consistent uptick in property values and stable demographic expansion signal a healthy outlook for both residential and rental markets. Assuming that economic conditions remain favorable and infrastructure development keeps pace with population growth, investors can expect a reliable market with potential for both capital gains and rental income.
However, prospective investors should also monitor local economic drivers and be aware of any signs of saturation in the housing market which could affect future price trends. Diversification within different types of properties (e.g., residential vs. commercial) might also be worth considering to mitigate risks associated with changing market dynamics.
