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Hay Lakes, AB

Updated: Aug 2016
House
Median price $237,250
Monthly growth 32.35 %
Quarterly trend
Stock on market 3.21%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Hay Lakes Home Price

Across the country as a whole, Hay Lakes is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Alberta is $375,000 , which means that Hay Lakes’s median price is $237,250 better than average than the rest of the province.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

Is Hay Lakes a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Hay Lakes, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 6.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

Will prices rise across the next year in in Hay Lakes? There are a number of real estate indicators to consider.

In Hay Lakes, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
3 bedrooms $292,000
Demographics
  • Population in 2011425
  • Population in 2006362
  • 2006 to 2011 population change (%)17.4
  • Total private dwellings187
  • Private dwellings occupied by usual residents170
  • Population density per square kilometre730.1
  • Land area (square km)0.58