Cousins, 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 Cousins, Alberta is currently experiencing steady growth. The median house price in the area stands at $500,000, marking a year-over-year increase of 3.5%. This suggests a healthy demand for detached homes and a stable investment environment for potential homeowners. Meanwhile, the median apartment price is $300,000, with a slightly lower growth rate of 2.1% year-over-year, indicating a more moderate but consistent interest in multi-family housing units.
The local population has grown to 15,000, with an impressive growth rate of 7.1%. This demographic expansion has likely contributed to the increased demand for housing and bolstered property value appreciation. The current trends suggest a balanced market where both buyers and sellers can benefit from the economic conditions.
Investment Opportunities and Potential
Given the observed market trends, Cousins offers promising investment opportunities. The consistent rise in property values provides investors with the potential for capital gains over time. The robust population growth also signals ongoing rental demand, which could be advantageous for those looking to invest in rental properties.
Detached homes show a slightly higher appreciation rate than apartments, pointing towards a potentially higher return on investment in this segment. However, apartments offer a lower barrier to entry for investors due to their lower median price point and may be particularly appealing for first-time investors or those seeking to diversify their portfolio with smaller investments.
Future Market Outlook
The future market outlook for Cousins remains optimistic. With sustained population growth and increasing housing demand, it is reasonable to anticipate continued property value appreciation. The current trends suggest that the market will maintain its momentum in the near term, barring any unforeseen economic disruptions.
Investors should keep an eye on regional economic developments and infrastructure projects that could further enhance property values and quality of life in Cousins. Additionally, as more people look towards suburban communities with ample amenities and space, Cousins might experience an influx of new residents seeking these qualities.
In conclusion, Cousins represents a dynamic and growing market with solid fundamentals supporting both short-term stability and long-term potential for real estate investors and homeowners alike.
