Shaughnessy, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $480,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Shaughnessy, Alberta
The real estate market in Shaughnessy, Alberta is currently experiencing moderate growth. As of the latest data, the median house price stands at $550,000, which marks a 4.2% year-over-year increase. This suggests a healthy demand for housing in the area, as well as a favorable market for sellers. In contrast, the median apartment price is $320,000, with a more modest growth trend of 1.5% over the past year. The slower rate of increase in apartment prices may indicate a greater accessibility for first-time buyers and investors looking for lower entry points into the real estate market.
Shaughnessy’s population has grown by 3.3%, now reaching approximately 15,500 residents. This steady population growth supports ongoing demand for housing and can sustain the upward pressure on property values over time. It is also indicative of Shaughnessy’s attractiveness as a residential location, possibly due to employment opportunities, lifestyle amenities, or other socioeconomic factors.
Investment Opportunities and Potential in Shaughnessy
Investors considering Shaughnessy for their real estate portfolio should note the consistent rise in house prices and solid population growth. The combination of these factors typically signals robust investment potential. Single-family homes represent a promising asset class given their substantial appreciation of 4.2% year-over-year. Additionally, with median prices still under the national average for major urban centers, there may be significant room for growth.
Apartments present an alternative investment opportunity with a lower barrier to entry due to their lower median price point. The slower growth rate might suggest that these properties are less susceptible to rapid price fluctuations, potentially offering a more stable investment option with a focus on rental income and long-term equity gain.
Future Market Outlook for Shaughnessy Real Estate
The market outlook for Shaughnessy remains optimistic as current trends and data indicate continued growth. The steady increase in property values aligns with the expanding population, suggesting that demand will persist and possibly intensify. If economic conditions remain favorable and the area continues to attract new residents due to its amenities or job market, both housing prices and rental rates are likely to maintain an upward trajectory.
However, investors should monitor local economic developments and any changes in provincial or federal housing policies that may impact market dynamics. As with all real estate investments, there’s an element of risk associated with market fluctuations precipitated by external factors such as interest rate changes or unforeseen economic events.
In conclusion, Shaughnessy offers solid prospects for both homeownership and investment activities. Its current performance combined with positive indicators for future growth makes it an area worthy of consideration for real estate portfolios.
