Alix, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Alix, Alberta is currently experiencing steady growth. With a median house price of $485,000, the market has seen a year-over-year increase of 3.3%. The apartment sector is also showing positive growth with a median price of $295,000 and a 2.5% year-over-year trend. These are clear indicators of a healthy and appreciating real estate environment in the region.
The population of Alix has grown to 15,500, marking a substantial growth rate of 3.33%. This growth is likely contributing to the demand for housing and could be a driving force behind the rising property values.
Investment Opportunities and Potential
Given the current trends, Alix presents several noteworthy investment opportunities. The consistent rise in property values suggests that purchasing real estate in this area could yield solid returns over time. The housing market’s performance, coupled with the ongoing population growth, indicates potential for both rental and resale markets.
Investors might find particular potential in the apartment sector due to its slightly lower year-over-year price increase compared to houses. This could suggest that apartments are currently undervalued relative to houses, offering an entry point for investors looking to capitalize on this segment as it continues to grow.
Future Market Outlook
The future outlook for Alix’s real estate market appears optimistic. If the current trends continue, we can expect further appreciation in property values aligned with population growth. An ongoing influx of residents tends to create upward pressure on housing demand and prices.
However, investors should remain vigilant about economic factors that could influence the market, such as changes in interest rates, employment rates within Alberta, and broader national economic trends. While current indicators are positive, staying informed on these variables will be crucial for any long-term investment strategy.
