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Slave Lake, AB

Updated: Aug 2016
House
Median price $379,450
Monthly growth -7.22 %
Quarterly trend
Stock on market 3.52%
Apartment
Median price $252,450
Monthly growth -9.82 %
Quarterly trend
Stock on market 0.39%

Slave Lake Home Price

Across the country as a whole, Slave Lake is in the top 20% 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 Slave Lake’s median price is $379,450 considerably better than the rest of the province.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.

There are 339 neighbourhoods that have more properties on sale than Slave Lake at the moment in Alberta which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

Can we guarantee how well Slave Lake is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

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

With a median listing price of $252,450, Slave Lake is Canada’s 347th most expensive when ordered by median listing price.

The median house price listed in Slave Lake this month is $252,450.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Slave Lake has more than the average number to choose from compared to the rest of the province

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Slave Lake there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Beds Median price (House) Median price (Apartment)
2 bedrooms $270,000 $180,000
3 bedrooms $334,950 $359,900
4 bedrooms $394,900 $262,400
5 bedrooms $524,900
6 bedrooms $599,900
Demographics
  • Population in 20116782
  • Population in 20066703
  • 2006 to 2011 population change (%)1.2
  • Total private dwellings2554
  • Private dwellings occupied by usual residents2294
  • Population density per square kilometre478.4
  • Land area (square km)14.18