Kingswood, 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 current real estate market in Kingswood, Alberta, exhibits a stable growth pattern. With a median house price of $500,000, the market has seen a solid year-over-year appreciation rate of 3.5%. This suggests a healthy demand for single-family homes and a competitive market environment that may be beneficial for sellers.
The apartment sector in Kingswood is also showing positive momentum, albeit at a slower pace with the median apartment price at $300,000, marking a 2.1% increase year-over-year. This trend reflects an ongoing interest in more affordable, lower-maintenance living spaces which can appeal to first-time homebuyers, downsizers, or investors looking for rental properties.
Fueled by a robust population growth rate of 7.1%, significantly above national averages, Kingswood is likely experiencing increased housing demand which may continue to drive property values upward.
Investment Opportunities and Potential
Kingswood’s steady population influx and corresponding housing demand present clear investment opportunities. The consistent appreciation in house values indicates that purchasing residential property in this area could yield substantial returns over time.
Investors might consider targeting single-family homes due to their higher appreciation rate of 3.5%, which suggests better long-term capital gains. However, apartments should not be overlooked as they offer a lower entry point into the market at $300,000 and have maintained a steady appreciation trend. Additionally, they can provide rental income streams and serve different demographic segments such as young professionals and smaller households.
The local economy and demographic trends should be monitored closely as they will influence rental markets and property values. With ongoing population growth, there is potential for both rental and resale markets to remain strong.
Future Market Outlook
The future outlook for Kingswood’s real estate market appears promising given the current trends and data. The population growth is likely to sustain demand for housing across various sectors of the market. Assuming economic conditions remain favorable and the population continues to grow at its current pace or higher, both the single-family home and apartment markets are poised for continued appreciation.
Careful attention should be given to external factors such as interest rates, employment statistics, and regional economic developments that could impact buyer affordability and influence market dynamics. However, barring any significant negative changes, Kingswood’s real estate market should remain an attractive option for both homeowners and investors alike.
