Kikino, 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 Kikino, Alberta is currently experiencing steady growth. The median house price in the region stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy and appreciating housing market that is attracting the attention of homeowners and investors alike. Similarly, the apartment sector is showing positive momentum with a median price point of $300,000 and a growth trend of 2.1% over the past year.
Furthermore, Kikino’s population has seen a significant rise of 7.1%, suggesting an influx of new residents and potential buyers. The growing population is likely contributing to the demand for housing, supporting the upward trajectory in property values.
2. Investment Opportunities and Potential
With both the house and apartment markets demonstrating upward trends in valuation, Kikino presents promising investment opportunities. The consistent growth in median prices for houses and apartments suggests that investments in residential properties are likely to yield positive returns over time. Additionally, the robust population growth hints at a lasting demand for housing, which could benefit investors looking to rent out properties or sell them in the future.
Investors may also consider exploring various segments within the local real estate market, including single-family homes, multi-unit residential buildings, or commercial properties that might benefit from the increasing population.
3. Future Market Outlook
Looking ahead, the real estate market in Kikino shows potential for continued growth. Given current trends and economic indicators, it is reasonable to expect that property values will keep rising modestly in line with recent historical patterns. The strong population growth serves as an engine driving demand for housing which bodes well for both short-term gains and long-term capital appreciation.
However, investors should remain cautious and consider external factors such as interest rates, economic policies, and regional economic developments that can impact the real estate dynamics in Kikino. Staying informed about broader market influences will be key to making sound investment decisions in this evolving Albertan community.
