Akinsdale, 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 Akinsdale, Alberta is currently experiencing a steady growth trajectory. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the area, likely driven by Akinsdale’s desirable living conditions and amenities.
Similarly, the market for apartments is showing positive momentum with the median apartment price at $300,000, and a slightly more moderate year-over-year growth of 2.1%. This suggests that while there is interest in multifamily units, it is growing at a slower pace compared to single-family homes.
The population of Akinsdale has reached approximately 15,000 residents, with a robust growth rate of 7.1%. Such an increase in population is a strong indicator of the area’s attractiveness and could be contributing to the demand for housing.
Investment Opportunities and Potential
The current growth trends in Akinsdale’s real estate market present various investment opportunities. The steady increase in property values for both houses and apartments suggests that there is ongoing appreciation potential for investors looking to purchase real estate in this region.
Given the population growth rate, there appears to be a sustainable demand for housing, which may encourage investors to consider developing new residential projects or renovating existing properties to cater to the growing community. Long-term investors might find rental properties particularly appealing given the potential for both capital gains and rental income.
Future Market Outlook
The future outlook of Akinsdale’s real estate market looks promising based on current trends. If the population continues to grow at the reported rate of 7.1%, demand for housing should remain strong, potentially leading to further property value increases. However, investors should also monitor economic factors such as employment rates, local industry performance, and interest rates as they can affect housing affordability and market stability.
In conclusion, while current indicators point towards a healthy market with room for growth and investment returns, it remains important for investors to conduct thorough due diligence and stay informed about regional developments that could impact the real estate landscape in Akinsdale.
