Aetna, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| 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 | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
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
1. Current Market Conditions and Trends
In Aetna, Alberta, the real estate market currently displays a steady growth pattern. The median house price stands at $485,000, which represents a year-over-year increase of 4%. This increment indicates a healthy demand in the housing sector, outweighing the supply, leading to a gradual appreciation of property values.
The apartment sector is also experiencing growth, albeit at a slower pace compared to houses. With a median apartment price of $295,000 and an annual price trend showing a 2.5% increase, apartments are becoming an attractive option for first-time homebuyers and investors looking for lower entry points into the real estate market.
The population of Aetna stands at 15,200 residents, with a growth rate of 2.7%. This steady increase in population is contributing to the demand for housing and bolstering the overall market conditions in Aetna.
2. Investment Opportunities and Potential
The current real estate trends in Aetna offer several investment opportunities. The consistent rise in house prices suggests that purchasing residential property could yield solid returns through capital appreciation over time. With a 4% annual increase in value, investing in houses appears promising for mid-to-long-term investors.
Apartments present another viable investment route due to their lower price point and decent appreciation rate of 2.5% per annum. For those looking to enter the market with less capital or seeking rental income properties, apartments could be an appealing investment choice.
The ongoing population growth is likely to sustain demand for both rental and owner-occupied properties. Investors might also consider exploring new construction projects or renovation opportunities to capitalize on the increasing housing needs of Aetna’s growing population.
3. Future Market Outlook
The future outlook for Aetna’s real estate market remains optimistic based on current trends and data. If the population continues to grow at the current rate of 2.7%, it is reasonable to expect that housing demand will keep up or even exceed its current pace, potentially leading to further price appreciations.
Should economic conditions remain stable and supportive of real estate growth, investors can anticipate continued opportunities in both residential and apartment sectors of Aetna’s market. It will be important for investors and potential homeowners alike to monitor economic indicators such as employment rates, interest rates, and regional development plans that may impact the market dynamics going forward.
In summary, Aetna offers stable investment prospects with potential for growth amid positive population trends and consistent property value increases. As always, prospective buyers and investors should conduct thorough due diligence and consider seeking advice from local real estate professionals before making any financial commitments.
