Blackie, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $475,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $475,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
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 Blackie, Alberta is currently experiencing a steady growth with the median house price standing at $475,000, reflecting a 4% year-over-year increase. This indicates a healthy demand for housing in the area. The apartment sector is also showing positive momentum, with a median price of $290,000 and a trend of a 2.5% annual increase. The consistent growth in property values suggests that the market is stable and could be attracting interested buyers seeking long-term appreciation.
The population of Blackie has reached approximately 15,500 residents, growing at a rate of 3.3%. This above-average population growth can be an indicator of economic vitality and could signal continuous demand for housing in both the private and rental sectors.
Investment Opportunities and Potential
Given the current market trends, investment opportunities within Blackie are promising. The steady increase in house prices coupled with significant population growth points to a strong potential for capital gains for those looking to invest in residential properties. Furthermore, the growth rate in apartment prices suggests that the rental market is expanding, which may offer attractive returns for investors interested in purchasing rental properties.
The consistent rise in housing values also offers opportunities for developers and builders looking to cater to the increasing housing demand driven by the growing population. With careful market analysis and strategic development planning, investors can capitalize on Blackie’s expanding real estate market.
Future Market Outlook
The future outlook for Blackie’s real estate market appears optimistic. Assuming that current economic conditions remain stable and population growth continues at its current pace or higher, it is likely that both housing and apartment prices will maintain their upward trajectory. This would be underpinned by sustained demand for residential properties as well as potential increases in rental rates due to population influx.
In conclusion, Blackie represents an attractive market for potential investors and homeowners alike. With its positive price trends and demographic expansion, stakeholders who enter this market with diligence and foresight could very well see beneficial outcomes over the coming years.
