Clive, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 15,000 |
| Population Change | 1.3% |
| 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
In Clive, Alberta, the real estate market is currently experiencing steady growth. The median house price in the area stands at $515,000, showing a year-over-year increase of 4%. This indicates a healthy and growing market for single-family homes. On the other hand, apartments have a median price of $315,000, with a slightly lower growth rate of 2.5% year-over-year. These increments are reflective of an active market that maintains momentum but is not overheating.
The population of Clive has reached approximately 15,200 residents with a growth rate of 1.3%. This steady increase in population can be attributed to the town’s economic stability and appeal to both individuals and families looking for residential opportunities in Alberta.
Investment Opportunities and Potential
The real estate investment climate in Clive is promising due to the consistent growth in property values. Single-family homes present a particularly attractive investment opportunity with their higher appreciation rate. Investors looking to capitalize on rental income or long-term equity growth would do well to consider these properties.
The apartment sector also presents potential for investors targeting a demographic that prefers lower maintenance living or more affordable entry points into the housing market. With the population growth sustaining demand, rental properties could offer stable occupancy rates and reliable income streams.
Future Market Outlook
The future outlook for Clive’s real estate market remains optimistic based on current trends and statistics. The consistent population growth suggests continued demand for housing which should support property values over time. Assuming no major economic disruptions occur, we expect the market will maintain its upward trajectory at a sustainable pace.
The 4% increase in median house prices may attract homeowners looking for appreciating assets, while investors might find the slower but steady increase in apartment prices appealing for long-term investments. Overall, Clive’s real estate market is poised for continued success and could be a wise choice for both residential buyers and investors alike.
