Kinikinik, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
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) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kinikinik, Alberta is currently experiencing a period of steady growth. The median house price in the area stands at $485,000, reflecting a year-over-year increase of 3.8%. This indicates a healthy demand for housing and a competitive market environment. Similarly, the apartment sector has seen a growth trend with the median apartment price reaching $295,000, showing a 2.5% rise from the previous year.
The population of Kinikinik has also been on an upward trajectory with a growth rate of 2.7%, suggesting that the town is attracting new residents at a robust pace. This influx is likely contributing to the strong demand in the housing market and may be indicative of a broader economic vitality within the region.
Investment Opportunities and Potential
For investors considering Kinikinik’s real estate market, there are several promising factors. The consistent growth in property values presents an opportunity for capital gains over time. Given that both housing and apartment markets are showing an appreciation in prices, investment opportunities exist across different types of properties.
Diversification into rental properties could be particularly lucrative due to the rising population which may increase demand for rental units. Additionally, investors should note that the current trends show no signs of immediate reversal which suggests that entering the market now could secure assets that are likely to appreciate further.
Future Market Outlook
Looking ahead, the future market outlook for Kinikinik’s real estate appears optimistic. The sustained population growth should continue to underpin demand for housing. If local economic conditions remain favorable and attract more residents and businesses to Kinikinik, real estate prices may continue their upward trajectory.
However, potential investors and homeowners should monitor interest rate trends and economic policies as they can impact borrowing costs and investment returns. While current indicators suggest continued growth, staying informed on broader economic factors remains crucial for anyone engaged in the real estate market.
