Sexsmith, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
As of the latest data, Sexsmith, Alberta, presents a real estate market that is experiencing steady growth. The median house price in the area is currently $500,000, reflecting a year-over-year increase of 3.5%. This increment suggests a stable demand for housing and a steadily appreciating market. Similarly, the median apartment price stands at $300,000 with a more modest growth trend of 2.1% year-over-year.
The population in Sexsmith is approximately 15,000 and has undergone significant growth at a rate of 7.1%, indicating an influx of residents and potential for increased housing demand. The combination of rising prices and population suggests that the real estate market in Sexsmith is currently healthy and expanding.
Investment Opportunities and Potential
In light of the current market conditions, Sexsmith offers promising investment opportunities for both residential and rental properties. The consistent rise in property values implies that investments made in the present could yield appreciable returns over time as the market continues to grow.
The robust population growth further underscores the potential for real estate investment in Sexsmith. With more individuals moving into the area, there will be heightened demand for accommodation, which may drive up rent prices and reduce vacancy rates for rental properties — both positive indicators for investors considering purchasing apartments or houses to rent out.
Future Market Outlook
Looking ahead, the future market outlook for Sexsmith appears optimistic. The persistent upward trend in property prices coupled with ongoing population increases lays a strong foundation for sustained real estate market vitality. Provided that economic conditions remain favorable and no significant external shocks occur, investors can expect continued appreciation in property values.
The local government’s development plans and policies will also play a critical role in shaping the future real estate landscape of Sexsmith. Should there be initiatives aimed at enhancing infrastructure or attracting new businesses to the area, it could bolster employment opportunities and further stimulate population growth — thereby reinforcing demand within the housing market.
Investors should maintain vigilance concerning regional economic developments and infrastructural improvements that may impact the real estate sector directly or indirectly. By doing so, they can better position themselves to capitalize on emerging trends and opportunities within Sexsmith’s dynamic property market.
