Gibbons, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
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 | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,000 |
| Population Change | 5.1% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gibbons, Alberta is currently experiencing stable growth. The median house price stands at $485,000, marking a year-over-year increase of 3.8%. This indicates a healthy demand for single-family homes in the area. Similarly, apartments are also seeing a positive trend with the median price at $295,000 and a 2.5% rise from the previous year. These trends suggest a balanced market where both buyers and sellers can engage confidently.
Investment Opportunities and Potential
Gibbons presents promising investment opportunities, particularly in the residential sector. Given the steady appreciation in housing prices, investors may find long-term capital gains in purchasing single-family homes or apartments. The region’s population growth of 5.14% further supports the potential for rental investments as an increasing number of people look for accommodation. Additionally, as more individuals move to Gibbons attracted by employment opportunities and its proximity to Edmonton, demand for housing is likely to continue rising, potentially resulting in higher rental yields for investors.
Future Market Outlook
Looking ahead, Gibbons’ real estate market shows signs of continued growth. The sustained population increase suggests that demand for housing will remain robust. As long as this demographic trend continues alongside economic stability in Alberta, the market is expected to maintain its upward trajectory in both property values and rental rates. Investors and homeowners should remain optimistic about the real estate prospects in Gibbons but stay informed of regional economic changes that could impact future market conditions.
