Kirkcaldy, 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 Kirkcaldy, Alberta, is experiencing a period of steady growth. With the median house price currently at $500,000, the market has seen a healthy year-over-year increase of 3.5%. This trend indicates that the housing sector in Kirkcaldy remains robust, with home values appreciating at a sustainable rate.
Apartments in the area show a similar upward trajectory, though at a slightly lower rate. The median apartment price stands at $300,000, with an annual appreciation of 2.1%. This growth is indicative of a stable demand for more affordable and potentially more flexible housing options.
The population of Kirkcaldy has grown to 15,000 residents, reflecting a significant growth rate of 7.1%. This demographic expansion suggests an increasing demand for housing and augurs well for the real estate market’s continued vitality.
Investment Opportunities and Potential
The positive trends in property value increases coupled with substantial population growth position Kirkcaldy as an attractive location for real estate investment. Single-family homes present investors with opportunities to capitalize on the consistent appreciation in house prices. The relatively higher increase in house prices compared to apartments suggests that these properties are likely to offer better long-term capital gains.
Given the steady rise in apartment prices, investors may also consider multi-unit residential buildings as a means to generate rental income which could be bolstered by the growing population seeking housing. Additionally, the current differential in price trends between houses and apartments could imply a potential catch-up effect in apartment values over time, presenting another layer of opportunity for investors seeking diversity in their real estate portfolios.
Future Market Outlook
The strong population growth is expected to continue influencing the demand for housing positively. If this demographic trend persists, it will likely lead to sustained or even increased rates of property value appreciation. As such, both short-term and long-term investment strategies appear promising under current market conditions.
Careful monitoring of economic drivers such as employment rates and infrastructure development will be crucial to understanding future market dynamics. However, given the current data, Kirkcaldy’s real estate market is showing signs of being a healthy environment for investment with a positive outlook for continued growth.
