Aldersyde, 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 current real estate market in Aldersyde, Alberta is experiencing steady growth, as evidenced by the year-over-year increase in property values. With the median house price currently at $500,000 and showing a growth of 3.5% from the previous year, it indicates a healthy demand for single-family homes. Similarly, the apartment market is also demonstrating resilience with a median price of $300,000 and a 2.1% appreciation rate over the same period.
The population of Aldersyde has seen a significant growth rate of 7.1%, suggesting an influx of new residents and potential for increased housing demand. This demographic expansion may be contributing to the robust real estate dynamics observed in the area.
Investment Opportunities and Potential
For investors looking at Aldersyde’s real estate market, several opportunities present themselves due to the burgeoning population and consistent property value appreciation. The steady growth in median house prices suggests that single-family homes are a viable investment with potential for capital gains. Apartments also represent an attractive investment opportunity given their more modest price point and stable year-over-year appreciation trend.
Investors should also factor in rental demand driven by population growth, which could result in favorable rental yields on both houses and apartments. The prevailing economic conditions coupled with housing market trends imply that Aldersyde might offer both short-term income returns through rentals and long-term capital appreciation.
Future Market Outlook
The future real estate market outlook for Aldersyde appears optimistic based on current trends and demographic shifts. The sustained population increase is likely to continue propelling demand for housing, potentially leading to further price escalations. If the current trends hold, we can anticipate ongoing moderate growth in both the house and apartment markets.
However, investors should remain vigilant regarding macroeconomic factors and local developments that could influence market conditions. Factors such as employment rates, interest rates, and regional economic policies will play essential roles in shaping the future landscape of Aldersyde’s real estate market.
