Shaughnessy, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $750,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $350,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $600,000 |
| 3 bedrooms | $750,000 |
| 4 bedrooms | $900,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $300,000 |
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Shaughnessy, Alberta is experiencing a period of steady growth. The median house price currently stands at $750,000, which represents a year-over-year increase of 4.2%. This suggests that the housing market is relatively healthy and has been consistently appreciating in value. Similarly, the median apartment price is $350,000, with a more modest year-over-year growth of 2.5%.
With a population of 16,000 that has grown by 3.2%, Shaughnessy is demonstrating strong demographic trends that could underpin the real estate market’s ongoing expansion. The demand for housing is likely being driven by this population growth, potentially leading to increased competition for available properties.
Investment Opportunities and Potential
For investors looking into the Shaughnessy real estate market, the current trends indicate potential for both short-term gains through property flipping and long-term investment through rental properties. Given the steady increase in property values and an expanding population, rental demand is likely to remain high, providing investors with a stable income stream.
The greater appreciation rate for houses compared to apartments suggests that investing in single-family homes might offer better capital gains prospects. However, apartments offer a lower entry point into the market, which could be particularly attractive to first-time investors or those seeking to diversify their portfolio with smaller investments.
Future Market Outlook
Looking forward, the Shaughnessy real estate market appears poised for continued growth. The consistent rise in house prices, coupled with ongoing population increases, indicates that demand will remain robust. As long as economic conditions remain stable and interest rates are favorable, the market should maintain its upward trajectory.
However, prospective buyers and investors should closely monitor local economic developments and national monetary policies as they can affect mortgage rates and buyer sentiment. It would be prudent for stakeholders to stay informed on regional infrastructure projects or changes in zoning laws that could impact future property values within Shaughnessy.
