Abee, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| 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 is currently showing steady growth with the median house price sitting at $485,000, which represents a 2.8% increase year-over-year. This increment underscores a healthy demand for housing in the region. Conversely, the median apartment price is currently $295,000, reflecting a more modest year-over-year growth of 1.5%. These figures suggest that while both segments of the market are growing, houses are experiencing slightly more robust appreciation.
The population of Abee has reached approximately 15,000 residents, with an impressive growth rate of 3.4%. This demographic expansion is likely contributing to the increased demand for housing and could be a driving factor behind the observed price trends.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Abee appear promising, particularly in the housing sector. The steady year-over-year price increase indicates a seller’s market where demand is outpacing supply. Investors considering purchasing rental properties may find single-family homes to be especially attractive given their higher appreciation rate.
For those interested in investing in apartments, the slower growth rate presents an opportunity to enter the market at a lower point with potential for long-term gains as the population continues to rise. Moreover, as new residents look for affordable living options before committing to purchasing property, rental apartments may experience increased demand.
Future Market Outlook
The future market outlook for Abee appears optimistic due to its solid population growth and consistent property value appreciation. If these trends continue, we can expect further increases in property values across both houses and apartments.
However, prospective investors should remain vigilant regarding broader economic factors that might affect interest rates and lending conditions. Additionally, monitoring municipal development plans could provide insights into future housing supply expansions that may influence market dynamics.
In conclusion, Abee’s real estate market offers tangible opportunities for investors with prospects of continued growth. Prudent investment strategies that consider long-term trends and local market conditions will be key to capitalizing on this potential.
