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 in Flatbush, Alberta
The real estate market in Flatbush, Alberta, is currently characterized by steady growth. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the housing sector shows healthy appreciation. The median apartment price stands at $300,000, which is also experiencing a positive trend with a 2.1% increase over the past year.
This growth can be attributed to several factors, including a robust local economy and an increasing population that has recently grown by 7.1%. As demand for housing continues to rise in tandem with population growth, the market conditions suggest sustained upward pressure on property values across both houses and apartments.
Investment Opportunities and Potential in Flatbush, Alberta
Investors looking at Flatbush will find potential in both the single-family home sector and the apartment market. The steady increase in property values indicates that purchasing real estate in Flatbush could offer a good return on investment over time.
The consistent population growth suggests a continuing demand for rental properties which bodes well for those interested in the buy-to-let market. Given that prices are on an upward trajectory but not yet prohibitive, there is room for capital gains as well as rental income potential. Investors should consider acting swiftly before prices potentially move out of reach due to the ongoing positive trends.
Future Market Outlook for Flatbush, Alberta
Looking ahead, the real estate market in Flatbush appears poised for continued growth. The consistent population increase and economic stability are likely to support ongoing demand for housing. If these trends persist, future property investors and homeowners can reasonably expect further appreciation in market values.
However, it’s essential to monitor economic indicators such as employment rates, infrastructure developments, and regional policy changes that could impact the real estate market’s performance. Being proactive about such factors will help stakeholders make informed decisions regarding their investments in Flatbush’s growing market.
In conclusion, with careful consideration of current trends and potential shifts in the market dynamics, stakeholders can navigate the Flatbush real estate landscape effectively to maximize their investment opportunities.
