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 steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing healthy appreciation rates that are attractive to homeowners and investors alike. Similarly, the median apartment price is set at $300,000 with a positive growth trend of 2.1% year-over-year. These statistics indicate a robust market that has been resilient in the face of economic fluctuations.
Furthermore, Akinsdale’s population has grown by 7.1%, signaling an increasing demand for housing in the area. This demographic expansion can be attributed to Akinsdale’s appeal to families, professionals, and retirees seeking a balanced lifestyle with access to local amenities and green spaces.
Investment Opportunities and Potential
The persistent population growth paired with the upward trajectory in property values suggests that Akinsdale presents notable investment opportunities. Investors can expect capital gains from long-term property ownership due to the consistent rise in home values. The current trends favor both rental investments and property flipping strategies given the ongoing demand for housing.
Considering the more modest increase in apartment prices, multi-unit residential properties offer an entry point for investors looking for lower initial investments with stable rental income potential. With a growing population and a need for diverse housing options, investors might also explore developments that cater to different segments such as young professionals or downsizing retirees.
Future Market Outlook
The future outlook for Akinsdale’s real estate market remains optimistic. Given the steady growth patterns observed over recent years and the solid population increase, it is reasonable to anticipate continued demand for housing which will drive future property value appreciation. Moreover, if current economic conditions persist alongside favorable mortgage rates, the market could maintain its momentum.
However, investors and homebuyers should stay informed on local economic policies, infrastructure developments, and employment opportunities as these factors will contribute to sustaining the area’s real estate market health. Vigilant monitoring of broader economic indicators will also be crucial in anticipating any potential shifts that may impact Akinsdale’s real estate landscape.
