Blackie, 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 real estate market in Blackie, Alberta is currently exhibiting steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent uptrend indicates healthy demand and a robust market. Similarly, the median apartment price has reached $300,000, with a more modest appreciation rate of 2.1% year-over-year. The population of Blackie has grown to 15,000, expanding at a significant rate of 7.1%, which is suggestive of an influx of new residents and potentially greater demand for housing.
Investment Opportunities and Potential
The progressive rise in property values coupled with the substantial population growth suggests that Blackie’s real estate market holds promising investment opportunities. Single-family homes, given their stronger appreciation trend, are particularly attractive for long-term investments or rental properties catering to families drawn by Blackie’s growing economy and community amenities. Apartments offer a more affordable entry point for investors and may appeal to young professionals or small families, aligning with urbanization trends and the diversification of housing needs in a growing town.
Future Market Outlook
Looking forward, the real estate market in Blackie is poised for sustained growth. The consistent increase in property values alongside robust population growth provides a solid foundation for ongoing demand. Assuming that local economic conditions remain favorable and that the town continues to attract new residents due to employment opportunities or lifestyle factors, the market outlook remains positive. Investors can expect continued, albeit potentially moderate, appreciation in property values, making Blackie an attractive option for those looking to invest in Alberta’s real estate landscape.