Nightingale, 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 Nightingale, Alberta, the real estate market is currently experiencing a steady growth trajectory. The median house price stands at $500,000, which marks a 3.5% increase year-over-year. This indicates a healthy demand for single-family homes in the area. Conversely, apartments are slightly more affordable with a median price of $300,000 and exhibit a more modest growth rate of 2.1% over the same period.
The population of Nightingale has been growing at an impressive rate of 7.1%, suggesting an influx of new residents and potential homebuyers into the community. This demographic expansion contributes to the rising demand for housing options in the region and supports the continued appreciation of property values.
Investment Opportunities and Potential
Given the current growth rates in both housing prices and population, Nightingale presents attractive investment opportunities for real estate investors. The consistent increase in property values suggests that purchasing residential real estate in this market could yield substantial returns over time.
Investors looking to capitalize on rental income may find apartments particularly appealing due to their lower entry price point and ongoing demand from individuals who prefer more affordable or flexible living arrangements compared to traditional houses.
Future Market Outlook
The future market outlook for Nightingale is optimistic. With a robust population growth well above national averages, the regional economy is likely to expand, bringing in new residents seeking employment and housing. This demographic trend should continue to drive demand for both houses and apartments.
If current trends persist, investors can expect continued property value appreciation. However, it’s crucial to monitor economic indicators such as interest rates, employment levels, and broader provincial economic policies that could impact the local real estate market dynamics.
In summary, Nightingale’s real estate market shows promising signs for both short-term gains through property value appreciation and long-term investment through rental income streams.
