Clive, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.9% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $385,000 |
3 bedrooms | $495,000 |
4 bedrooms | $625,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $345,000 |
3 bedrooms | $440,000 |
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
In Clive, Alberta, the real estate market currently demonstrates moderate growth. The median house price stands at $495,000, representing a year-over-year increase of 3.2%. This gradual appreciation indicates a stable market that is growing at a sustainable pace. The median apartment price is also showing an upward trend, albeit at a slower rate, with current figures at $295,000 and a year-over-year increase of 1.9%. The population of Clive has reached approximately 15,500 residents, which signifies a robust population growth of 3.3%. This demographic expansion suggests sustained demand for housing in the area.
Investment Opportunities and Potential
The steady growth in housing prices coupled with significant population increases presents attractive investment opportunities within Clive’s real estate market. Investors looking to capitalize on the town’s potential may consider purchasing residential properties to benefit from capital appreciation and possible rental income due to the increasing local demand. The more conservative increase in apartment prices compared to houses indicates a relatively affordable entry point for investors considering multi-family units or aiming to cater to individuals who may prefer downsizing or seeking more budget-friendly living options.
Future Market Outlook
The future outlook for Clive’s real estate market appears optimistic. Continued population growth is likely to drive demand for both rental and owner-occupied properties. If the current trends persist, investors and homeowners can anticipate further modest increases in property values. However, it is important to monitor external economic factors that could influence interest rates, employment levels, and overall affordability which may impact the trajectory of the market. Strategic investments made with a long-term perspective in mind are advised to navigate potential volatility while aiming to leverage the growth potential of Clive’s real estate market.