Namaka, 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 Namaka, Alberta, the real estate market is currently experiencing a steady increase in property values. The median house price stands at $500,000, with a year-over-year growth trend of 3.5%. This indicates a healthy demand for detached homes in the area, signifying a seller’s market where homeowners may benefit from increased equity. Similarly, the median apartment price has reached $300,000, with a slightly lower growth trend of 2.1% year-over-year, suggesting that the market for more affordable and possibly entry-level housing is also expanding but at a more moderate pace.
Investment Opportunities and Potential
The positive growth trends in Namaka’s housing market reflect a robust investment potential for both houses and apartments. With the median house price growing at a faster rate than apartments, investors might find houses to offer better capital gains in the short to medium term. However, the apartment sector should not be overlooked as it offers a more accessible entry point for new investors and can cater to a different segment of renters or buyers looking for lower-maintenance living options.
Given Namaka’s population has grown by 7.1%, there is likely an increasing demand for rental properties. Consequently, investors could also consider purchasing rental properties as there may be an ongoing need for rental accommodations due to this notable population growth.
Future Market Outlook
The future market outlook for Namaka is optimistic based on current trends and demographic data. The population growth of 7.1% suggests that there will be continued demand for housing in the region. If this growth persists or accelerates, it could lead to increased pressure on housing supply, potentially driving prices upward across both houses and apartments.
The current steady growth in property prices indicates that Namaka’s real estate market is less volatile than other markets experiencing rapid fluctuations. This stability is attractive to investors who prioritize predictable returns over speculative investments. As long as economic conditions remain favorable and no significant changes occur that could affect housing demand (such as major shifts in employment rates or interest rates), Namaka’s real estate market may continue to offer both solid investment opportunities and potential for sustainable growth.
