Kinosis, 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 Kinosis, Alberta currently presents a stable growth pattern. With the median house price standing at $500,000, the market has seen a steady increase with a year-over-year growth of 3.5%. This suggests a healthy demand for housing that is likely influenced by the area’s economic factors and attractive living conditions.
Apartment prices are also on the rise but at a more modest pace. The median apartment price is currently $300,000, which indicates a year-over-year growth of 2.1%. This slower growth rate compared to houses may reflect a larger supply or less demand for apartment-style living in Kinosis.
The population of Kinosis has reached approximately 15,000 residents, with a significant population growth rate of 7.1%. This rapid increase implies an expanding local economy and could be driving demand for both rental and owned properties.
Investment Opportunities and Potential
The promising figures in population growth coupled with consistent increases in property values suggest that Kinosis holds substantial investment opportunities. Investors might particularly be interested in the single-family home market due to its higher growth rate, indicating a strong potential for capital gains.
Rental investments could also be lucrative, given the population spike; however, investors should conduct thorough market research to determine the optimal type of rental property to meet local demands. Furthermore, with apartments showing slower price growth, investors may find lower entry points into the market, which could be advantageous for long-term hold strategies.
Future Market Outlook
The future outlook for Kinosis’ real estate market remains optimistic. If the current trends continue, investors can expect ongoing appreciation in property values. The sustained population growth should further support both the rental and buyer markets.
However, it is vital to consider external economic factors that could influence these trends, such as employment rates, interest rates, and regional economic developments. Prospective investors should also be aware of local zoning laws and future urban planning initiatives that could impact property values.
In conclusion, while there are no guarantees in real estate investment, Kinosis displays several indicators of a robust and growing market that may offer fruitful opportunities for both seasoned and novice investors alike.
