When looking across the province, Carmangay is the 208th most expensive in Alberta.
With Carmangay’s median house price at $224,450 in Aug , it is below average compared to the rest of Alberta.
Alberta has the fourth most amount of properties available to property investors, with Carmangay having 191th most in the province, out of a total of 339.
Can we guarantee how well Carmangay is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Carmangay, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
As one of Alberta’s many potential real estate investment neighbourhoods, Carmangay needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.