Flatbush, 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 Flatbush, Alberta, is currently characterized by steady growth. The median house price in the area stands at $500,000, which represents a year-over-year increase of 3.5%. This suggests that the market is experiencing a healthy appreciation rate that is likely sustainable and reflective of strong demand. Similarly, the median apartment price has seen a rise to $300,000, with a slightly lower appreciation rate of 2.1% year-over-year. These trends indicate a stable and growing real estate market which may be attributed to the local economic factors and an influx of new residents.
Investment Opportunities and Potential
In Flatbush, investment opportunities are promising due to the area’s rising property values and moderate population growth. With the population increasing by 7.1%, there is likely an uptick in demand for housing, which can benefit investors looking for rental properties or those interested in capital gains through property appreciation. The consistent rise in house and apartment prices points towards a market that has not yet reached its peak, suggesting room for growth and potential for solid returns on real estate investments.
Future Market Outlook
The outlook for Flatbush’s real estate market remains optimistic. Given the current trends of gradual price increases and significant population growth, it is expected that demand for housing will continue to rise. If the local economy remains robust and supportive of population inflows—whether through job creation or lifestyle attractiveness—these factors should sustain the upward trajectory in property values. Investors and prospective homebuyers can be cautiously optimistic about entering the market now, as indicators point towards continued health in Flatbush’s real estate sector over the coming years.
