Abee, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Abee, Alberta currently presents a stable and growing environment. With a median house price of $500,000 and a year-over-year increase of 3.5%, there is a consistent appreciation in property values. The apartment sector also shows positive trends with a median price of $300,000 and an annual growth rate of 2.1%. This indicates a healthy demand for both housing types in the region.
The population of Abee stands at 15,000 residents and has experienced significant growth at a rate of 7.1%. This demographic expansion suggests an increasing need for housing, which may continue to drive the real estate market forward. Local economic factors, infrastructure developments, and community investments are likely contributing to these conditions, making Abee an active market for potential homebuyers and investors alike.
Investment Opportunities and Potential
For investors considering the Abee real estate market, the current trends indicate promising opportunities for both short-term gains through property flipping and long-term investments for rental income. Given the steady increase in property values and population growth, demand for housing is expected to remain robust. This could translate into sustained rental yields for apartment investors or potential capital gains for those investing in residential properties.
Moreover, the relatively moderate median prices suggest that entry into this market is accessible for a wider range of investors. However, it is essential to conduct thorough market research and due diligence to identify specific areas within Abee that offer the best investment potential based on local economic drivers and planned future developments.
Future Market Outlook
The outlook for Abee’s real estate market appears optimistic. Continued population growth will likely fuel further demand for housing. If current trends persist, one can anticipate ongoing increases in property values at a measured pace. The existing upward trend in house prices combined with positive population dynamics suggests that there will be sustained investment interest in the area.
Potential challenges that could affect this outlook include economic fluctuations that impact employment rates or changes in interest rates that could affect mortgage affordability. Nonetheless, assuming stable economic conditions are maintained, Abee’s real estate market is poised for continued growth over the medium to long term.
