Atikameg, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $475,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $475,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Atikameg, Alberta exhibits stable growth patterns as evidenced by the year-over-year statistics. The median house price currently stands at $475,000, which marks a 4% increase from the previous year. This steady uptick suggests that the market for houses is healthy and experiencing measured appreciation. Meanwhile, the median apartment price is $295,000, with a slightly lower year-over-year growth of 1.8%. This difference in growth rates between houses and apartments may indicate a stronger demand for single-family homes.
The population of Atikameg has reached 15,500, growing at an impressive rate of 3.3%. Such demographic expansion is a positive indicator for the real estate market as it often leads to increased housing demand. The current trends point towards a sellers’ market where inventory might be limited, and buyers are competing for available properties, potentially driving prices up further.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Atikameg appear promising. The consistent increase in property values coupled with substantial population growth positions the area as an attractive location for both residential and rental property investments.
Investors might consider focusing on single-family homes due to their higher growth rate in value compared to apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the market and may appeal to newcomers or smaller households.
The ongoing population increase can also lead to heightened demand for rental properties. Therefore, purchasing rental units could be a strategic move to capitalize on the influx of residents who may not be ready to buy homes immediately upon arriving in Atikameg.
Future Market Outlook
The future outlook for Atikameg’s real estate market remains optimistic. If current trends continue—characterized by steady property value increases and significant population growth—the demand for housing is likely to persist or even rise. This ongoing demand could support continued market strength and potentially yield solid returns for those investing in real estate within this region.
However, potential investors should also monitor local economic factors and development plans that could affect property values. Keeping abreast of such changes is crucial for making informed investment decisions that align with long-term market projections.
Overall, Atikameg presents itself as a burgeoning market with favorable conditions for both immediate investment and future growth potential in its real estate sector.
