Across the country as a whole, Alix 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 Alix’s median price is $219,000 better than average than the rest of the province.
Investors looking for properties in Alix are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
There are 339 neighbourhoods that have more properties on sale than Alix at the moment in Alberta which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Alix is a good investment target.
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.
As one of Alberta’s many potential real estate investment neighbourhoods, Alix 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Alix there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.