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
The real estate market in Namaka, Alberta, is currently experiencing stable growth, with the median house price sitting at $500,000 and exhibiting a year-over-year increase of 3.5%. This trend indicates a healthy demand for housing in the area. Similarly, the apartment sector has shown a positive trajectory with a median price of $300,000 and a 2.1% increase over the past year. The steady appreciation in property values aligns with the area’s robust population growth of 7.1%, suggesting that the region is attracting new residents and investment, further strengthening market conditions.
Investment Opportunities and Potential
Investors considering Namaka’s real estate market can find potential due to the sustained growth in property values and significant population increase. The demand for residential properties is likely to remain strong as more people move to the area. This provides an opportunity for investors to capitalize on both rental and resale markets. The consistent upward trend in house and apartment prices indicates that there is ongoing confidence in long-term property investments in Namaka.
Future Market Outlook
The future outlook for Namaka’s real estate market appears promising based on current indicators. Given the substantial population growth and corresponding demand for housing, it is reasonable to anticipate continued appreciation in property values. The local economy’s health will be a critical factor in sustaining this momentum; however, if current trends persist, Namaka stands to be a competitive market for both homebuyers and investors alike.
