Kinosis, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $395,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
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) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kinosis, Alberta, is currently experiencing moderate growth. With a median house price of $485,000 and an upward year-over-year trend of 3.2%, the market is demonstrating steady appreciation. Similarly, the median apartment price stands at $295,000, which has increased by 2.5% from the previous year. This growth can be attributed to several factors including the region’s economic stability and a demand for housing driven by an increasing population, which has grown by 2.7% recently.
Investment Opportunities and Potential
For investors looking to enter the Kinosis real estate market, there are promising opportunities due to the consistent growth in property values. Investment in residential properties like houses and apartments appears to be profitable given their year-over-year price increases. The steady population growth suggests that rental properties could also offer long-term income potential as demand for housing may continue to rise. Additionally, the local economy’s performance and community development projects could further enhance property values over time.
Future Market Outlook
Looking into the future, the Kinosis real estate market is poised for continued growth. The stable increase in property prices indicates a healthy market that could attract more investors and homebuyers alike. Considering the current trends of population growth and economic development within the region, it is expected that both housing demand and property prices will maintain their upward trajectory. However, prospective investors and buyers should monitor external factors such as interest rates and regional economic policies that may impact the market dynamics.
