Kingswood, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| 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 | $510,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| 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 Kingswood, Alberta is currently exhibiting steady growth. With a median house price of $510,000, which is up by 4% year-over-year, the market reflects a healthy demand for single-family homes. The trend continues to be positive, indicating that Kingswood remains an attractive location for homeowners.
Apartments have also seen an increase in value, with the median apartment price now standing at $315,000, marking a 2.5% increase from the previous year. This suggests a solid performance in the multi-family segment of the market as well.
The local population has grown to 15,200 residents, with an annual growth rate of 2.7%. This demographic trend is contributing to the sustained demand for housing in the area and supports the overall health of the real estate market.
Investment Opportunities and Potential
Kingswood’s real estate market presents various investment opportunities. The consistent rise in property values indicates that investing in residential properties could yield favorable returns. Single-family homes, given their higher year-over-year appreciation rate, offer particularly promising potential for long-term capital gains.
Investors should also consider the apartment sector due to its steady growth and slightly lower entry cost compared to houses. As population growth continues, rental demand is likely to increase, which could lead to higher rental yields for multi-family property investors.
Future Market Outlook
The future outlook for Kingswood’s real estate market appears optimistic. Given the strong economic fundamentals such as population growth and consistent property value increases, it is reasonable to anticipate continued upward trends in both housing prices and rental rates.
As more people are attracted to Kingswood for its employment opportunities and quality of life, we can expect further development in residential construction and infrastructure to accommodate this growth. This sustained demand will likely foster a robust real estate environment well into the future.
In conclusion, Kingswood represents a stable and growing market with ample opportunities for both homebuyers and investors seeking long-term value appreciation and potential income through rentals.
