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Legal, AB

Updated: Aug 2016
House
Median price $315,000
Monthly growth 29.95 %
Quarterly trend
Stock on market 3.02%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Legal Home Price

The median asking price in Legal is $315,000, an improvement on the median three months ago which was $279,200 .

In Aug the median listed house price of $315,000 in Legal was an above average compared to the rest of Alberta.

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.

There are 339 neighbourhoods that have more properties on sale than Legal at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.

As one of Alberta’s many potential real estate investment neighbourhoods, Legal needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

As one of Alberta’s many potential real estate investment neighbourhoods, Legal needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Legal have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $209,900
3 bedrooms $293,450
4 bedrooms $359,350
Demographics
  • Population in 20061192
  • 2006 to 2011 population change (%)2.8
  • Total private dwellings464
  • Private dwellings occupied by usual residents439
  • Population density per square kilometre381
  • Land area (square km)3.22
  • Population in 20111225