Aden, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Aden, Alberta, the real estate market is currently experiencing a steady increase in property values. The median house price stands at $485,000, with a year-over-year growth of 2.9%. This indicates a healthy market that is growing at a moderate pace. Similarly, the median apartment price has risen to $295,000, with a slightly lower year-over-year growth of 2%. The consistent growth in property values across different housing types suggests a balanced demand for real estate in Aden.
The population of Aden has been growing at a rate of 2.7%, which is above the national average and hints at an increasing demand for housing. This demographic expansion can be attributed to factors such as employment opportunities, quality of life, and the attractiveness of Aden as a place to live.
Investment Opportunities and Potential
The consistent appreciation in property values presents tangible investment opportunities in the Aden real estate market. Given the positive trends observed and the population growth, both residential and commercial properties hold potential for investors looking for capital gains or rental income.
Investors considering entry into the market may find the current conditions favorable for purchasing properties that are likely to appreciate further. Moreover, with population growth outpacing the national average, there could be an increased demand for rental properties, making it an opportune time for investors to consider expanding their portfolio with apartment units or houses that can cater to this burgeoning market.
Future Market Outlook
The future outlook for Aden’s real estate market appears promising based on current trends. With sustained population growth and economic stability within the region, it’s reasonable to anticipate continued demand for housing which should support steady price appreciation.
However, investors and potential homeowners should stay informed about local economic conditions and any changes in regional policies that could impact the market. Monitoring interest rates and housing supply will also be key factors in assessing the ongoing health and potential of Aden’s real estate market.
In conclusion, Aden’s real estate market exhibits strong fundamentals with both immediate investment opportunities and favorable long-term prospects. Stakeholders are advised to maintain vigilance on broader economic indicators while capitalizing on current trends.
