Innisfree, 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 Innisfree, Alberta, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing sector is showing resilience and a consistent upward trend. Similarly, apartments are also seeing a positive trajectory with a median price of $300,000 and a growth trend of 2.1% year-over-year. This incremental growth indicates a healthy demand for housing in the area.
The population of Innisfree has grown to 15,000 residents, marking a significant increase of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing, as more people seek accommodations within the town. The concurrent rise in property values reflects this demand, with both houses and apartments appreciating at moderate rates.
Investment Opportunities and Potential
The current trends signal promising investment opportunities within Innisfree’s real estate market. The consistent increase in property values suggests that purchasing real estate now could result in capital gains over time. For investors interested in rental properties, the population growth implies a growing rental market that could yield robust rental income streams and low vacancy rates.
Investors may find particular potential in the apartment sector due to its lower entry price point of $300,000 combined with a steady appreciation trend. This could appeal to first-time investors or those looking to diversify their portfolio with more affordable investment options.
Future Market Outlook
Looking forward, Innisfree’s real estate market holds a positive outlook. Assuming current economic conditions persist, such as interest rates and employment levels, we can expect the market to maintain its upward trajectory. The consistent population growth acts as a strong driver for sustained demand in the housing market.
Moreover, if local industries continue to thrive and attract new residents seeking employment opportunities, Innisfree could see further acceleration in both property values and rental demand. Investors should remain vigilant about regional economic developments that might influence these trends but can be cautiously optimistic about the investment prospects in Innisfree’s real estate market.
