Canada’s national median home listing price this month is $290,900, which means that Nanton is in the top 40% for Canada.
In Aug the median listed house price of $301,000 in Nanton was an above average compared to the rest of Alberta.
Across Alberta Nanton has the 85th most properties on offer with 339.
When we look at the data we have, it can help with trying to establish whether or not Nanton is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Nanton, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 29, this month we show 26.
Canada’s national median home listing price this month is $244,900, which means that Nanton is in the top 40% for Canada.
The $299,000 price tag on the median Nanton home means that it is above the cost of most houses in the country.
According to our stats, Nanton is the neighbourhood that has the 69th most properties available to real estate investors in Alberta.
Can we guarantee how well Nanton 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.