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
The real estate market in Nightingale, Alberta is currently experiencing a period of growth, as indicated by the steady increase in property values. The median house price in the region stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for homes in the area, possibly driven by factors such as local economic growth or an influx of new residents.
Similarly, the apartment sector is also showing positive momentum with a median price of $300,000 and a 2.1% year-over-year price trend. This modest growth rate indicates a stable market for smaller residential properties and may attract investors looking for long-term appreciation and rental income potential.
Nightingale’s growing population, which has surged by 7.1% recently to reach 15,000 residents, could be contributing to the increased demand for housing. This demographic shift is likely driving both the sales volume and prices upward as more people seek accommodation in the area.
Investment Opportunities and Potential
With a solid median house price increase and consistent growth in apartment values, Nightingale presents attractive investment opportunities. The housing market’s performance suggests that investments made in residential real estate could benefit from capital gains over time. Moreover, with an expanding population base, rental properties might see higher occupancy rates and rising rent prices, contributing to potentially favorable returns for investors.
The diverse range of property values from single-family homes to apartments allows for varied investment strategies catering to different investor profiles—from those seeking stable rental yields to others focused on long-term property value appreciation.
Future Market Outlook
The future outlook for Nightingale’s real estate market appears optimistic based on current trends. Continued population growth will likely sustain demand for housing, supporting both the resale market and rental sector. If the local economy remains robust and supportive infrastructural development follows suit, we can anticipate further strengthening of the real estate market conditions.
Cautious optimism is advised for investors due to potential unknowns such as economic fluctuations or changes in interest rates that could impact borrowing costs and consumer confidence. However, assuming stability in these external factors, Nightingale’s property market seems poised for ongoing growth and presents as a promising location for real estate investment.
