Etzikom, 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
1. Current Market Conditions and Trends
The real estate market in Etzikom, Alberta, currently showcases a stable growth trend with the median house price standing at $500,000, reflecting a modest year-over-year increase of 3.5%. Similarly, the apartment sector shows resilience with a median price point of $300,000 and a growth trend following a 2.1% uptick year-over-year.
This balanced growth indicates healthy demand and a sound economic environment that supports sustainable appreciation in property values. The local market is likely benefiting from positive sentiment as the population has experienced significant growth of 7.1%, suggesting an influx of new residents and potential homebuyers.
2. Investment Opportunities and Potential
Investment opportunities within Etzikom are promising due to the consistent rise in property values coupled with substantial population growth. For investors looking at long-term equity gains, single-family homes present a tangible asset class with an expected continuation of the current appreciation trend.
Apartments offer an alternative entry point for investors seeking lower initial capital outlay or diversification within residential real estate. The steady increase in apartment prices indicates a growing market segment which could be particularly attractive for rental investments driven by the expanding population.
The sustained population increase also opens doors for development projects to meet the rising housing demand. This presents potential for both residential developers and investors seeking to capitalize on new construction and pre-construction sales.
3. Future Market Outlook
The future outlook for Etzikom’s real estate market remains optimistic based on current trends and demographic indicators. With ongoing population growth projected to continue, demand for housing is likely to remain robust, potentially pushing property prices upward.
The consistent rise in house and apartment prices over the past year suggests that the market is poised for continued growth albeit at a sustainable pace. This controlled growth pattern presents fewer risks of overheating and offers a stable environment for both homeownership and investment purposes.
In summary, Etzikom’s real estate market appears well-positioned for ongoing positive momentum backed by strong fundamentals. However, as with any investment decision, it is crucial to monitor economic indicators closely for any signs of market shifts.
