Alsike, 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 | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Alsike, Alberta is experiencing a steady growth pattern, with median house prices currently standing at $485,000, indicating a year-over-year increase of 4%. This moderate price appreciation reflects a healthy demand for housing in the area. Meanwhile, apartments are showing a slightly slower yet consistent upward trend with a median price of $295,000 and an annual growth rate of 2.5%. The current trends suggest an ongoing interest in both single-family homes and apartment living spaces among buyers.
Investment Opportunities and Potential
Investors considering Alsike for real estate opportunities should note the area’s solid growth prospects. With a population growth rate of 3.3%, which surpasses many other regions, there is potential for increased rental demand. This demographic expansion can be attributed to Alsike’s economic prospects and quality of life, making it attractive for families and professionals alike. Given the steady rise in property values, long-term real estate investments appear promising for both residential properties and apartment units. Additionally, the market shows resilience and potential for sustained capital appreciation.
Future Market Outlook
The future real estate market outlook for Alsike remains optimistic. Population increases typically drive housing demand, and with Alsike’s population growing at a healthy rate of 3.3%, it is reasonable to anticipate that the demand for housing will continue to rise. This demographic trend should support both the rental and sales markets. Furthermore, if the current price trends persist, homeowners in Alsike could expect continued equity growth over time. It’s important for investors and potential homebuyers to monitor local economic developments and infrastructure investments as these factors will play crucial roles in shaping the future landscape of Alsike’s real estate market.
