Cousins, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,505.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cousins, Alberta is currently experiencing a period of steady growth. With a median house price of $485,000, the market has seen a year-over-year increase of 3.2%. This suggests a healthy demand for single-family homes and reflects the overall economic stability in the region. Similarly, the median apartment price stands at $295,000, which has risen by 2.5% compared to the previous year.
The population of Cousins has grown to 15,200 residents, marking a growth rate of 2.7%. This influx of new residents is likely contributing to the increased demand for housing and may be indicative of a robust local job market or other attractive living conditions that are drawing people to the area.
Investment Opportunities and Potential
Investors looking at Cousins will find potential in both the single-family home and apartment markets. The consistent growth in property values indicates a stable investment environment with moderate appreciation rates. Single-family homes, with their higher year-over-year price increase, may offer greater capital gains in the long term.
Apartment units could also be an attractive investment due to their lower entry price point and appeal to smaller households or young professionals. As population growth continues and the rental market potentially expands, investors could benefit from both rental income and appreciation.
The ongoing development and infrastructure improvements within Cousins are likely to support increased property values over time, making real estate a compelling addition to investment portfolios.
Future Market Outlook
The outlook for Cousins’ real estate market remains positive. The consistent population growth suggests sustained demand for housing which should continue to drive property values upward. If current trends persist, we can expect both house and apartment prices to maintain a gradual increase.
However, investors and homebuyers should be mindful of broader economic factors such as interest rates and employment rates that can influence market conditions. It is also important to consider local developments such as new businesses moving into the area or government policies affecting homeownership costs.
In conclusion, Cousins offers promising opportunities for real estate investment with its growing population and consistent property value appreciation. Careful monitoring of market trends and economic indicators will be crucial for making informed decisions in this dynamic market.
