Halkirk, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $475,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.6% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $475,000 |
4 bedrooms | $575,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $330,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,800 |
Population Change | 2.7% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Halkirk, Alberta is currently experiencing a steady growth in property values. With the median house price at $475,000, there has been a year-over-year increase of 2.8%. Similarly, the median apartment price stands at $295,000, which has witnessed a slightly lower year-over-year rise of 1.9%. These statistics indicate a stable market with consistent growth in property values.
The population of Halkirk has grown by 2.7%, suggesting an increasing demand for housing in the area. This growth is likely contributing to the positive trends observed in the housing market. The data implies that both residential properties and apartments are retaining their value well, making it a potentially secure environment for real estate investments.
Investment Opportunities and Potential
The current trends provide promising investment opportunities within Halkirk’s real estate market. Given the steady increment in house and apartment prices, investors could anticipate continued appreciation in property values over time. The stable increase suggests that investments made in this market are likely to be reliable when considering long-term capital gain.
For potential investors, various strategies could be employed: purchasing single-family homes or apartments to capitalize on price appreciation or leveraging properties as rental units to take advantage of the growing population and its corresponding need for housing. The latter may provide a stable income stream alongside potential asset appreciation.
Future Market Outlook
Looking towards the future, the Halkirk real estate market exhibits signs of continued growth. The consistent upward trend in housing prices coupled with healthy population growth indicates sustained demand which bodes well for both property owners and investors alike.
Assuming similar economic conditions persist, we can expect further gradual increases in property values. However, it is important for stakeholders to remain cognizant of broader economic factors that could impact these local trends, such as employment rates, interest rates, and regional development projects.
In conclusion, while current data points towards a favorable outlook for Halkirk’s real estate market, ongoing analysis will be essential to navigate any fluctuations and maximize investment potential.