Kirkcaldy, 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 | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $425,000 |
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
In Kirkcaldy, Alberta, the real estate market is currently experiencing a steady growth. The median house price is $485,000, which indicates a year-over-year increase of 3.2%. This suggests a modest yet consistent appreciation in property values. Meanwhile, the median apartment price stands at $295,000, with a slightly lower annual growth rate of 2%. The population of Kirkcaldy has reached approximately 15,200 residents, growing at a healthy rate of 2.7% per annum. This population growth is likely contributing to the sustained demand for housing in the area.
Investment Opportunities and Potential
The investment landscape in Kirkcaldy presents several opportunities, particularly for those looking to invest in residential properties. Given the positive trajectory of house and apartment prices, investors can expect potential capital gains in the mid to long term. The steady population growth further reinforces the demand for rental properties, offering investors the chance to capitalize on rental income streams. Additionally, the town’s ongoing development and infrastructure improvements may lead to future enhancements in property values and living standards.
Future Market Outlook
The future outlook for Kirkcaldy’s real estate market appears promising. Assuming current trends persist, one can anticipate continued growth in property values and potential returns on investment. With an expanding population and a stable increase in housing prices, Kirkcaldy is poised to maintain its trajectory as an attractive market for both homebuyers and investors alike. However, it’s important for stakeholders to monitor economic factors and local developments that could influence market dynamics.
