Aetna, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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
The real estate market in Aetna, Alberta is currently experiencing a moderate growth trend. With the median house price at $485,000 and showing a year-over-year increase of 4%, the market is demonstrating stability and steady appreciation. Similarly, the median apartment price stands at $295,000, with a slightly lower growth rate of 2.5% year-over-year.
This performance can be partly attributed to Aetna’s growing population, which has recently seen a 3.3% increase. This influx of residents is likely contributing to the sustained demand for housing in the area. The current trends reflect a balanced market that is favorable for both buyers and sellers. Buyers can benefit from the relatively affordable prices compared to larger markets, while sellers enjoy modest asset appreciation.
Investment Opportunities and Potential
For investors considering the Aetna real estate market, there are several promising factors. Firstly, the continuous population growth suggests an increasing demand for housing which may lead to higher rental occupancy rates and potential for rental income growth. Secondly, the steady climb in property values offers an opportunity for capital gains over time.
Houses seem to present a more significant investment opportunity than apartments based on their higher growth rate. However, apartments may appeal to investors seeking a more affordable entry point into the market or those looking to cater to individuals or smaller households who prefer apartment living.
Moreover, given that Aetna’s market is not as volatile as larger urban centers, it might appeal to investors looking for stability and long-term growth rather than quick flips or high-risk strategies.
Future Market Outlook
The future outlook for Aetna’s real estate market appears cautiously optimistic. The consistent population growth is expected to continue driving demand for residential properties. If economic conditions remain stable and interest rates are managed effectively, this could maintain upward pressure on property prices.
Additionally, infrastructure developments and improvements in amenities could further enhance property values and attract new residents to Aetna. Investors should monitor local economic policies, employment rates, and regional development plans as these will play pivotal roles in shaping the future real estate landscape of Aetna.
In conclusion, while keeping an eye on broader economic indicators and being mindful of potential shifts in market dynamics, stakeholders can remain moderately confident about the future prospects of the Aetna real estate market.
