Tinchebray, 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 Tinchebray, Alberta is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation rates for single-family homes. Similarly, apartments are also appreciating, albeit at a slightly slower rate of 2.1% year-over-year, with a median price sitting at $300,000.
This growth is supported by a robust population increase of 7.1%, indicating that Tinchebray is becoming an increasingly desirable location for residents. The consistent rise in property values suggests that the market is stable and that demand for housing is keeping pace with or exceeding supply.
Investment Opportunities and Potential
For investors looking to enter the Tinchebray real estate market, several opportunities present themselves. The steady appreciation of both houses and apartments indicates room for capital gains over the medium to long term. Properties like single-family homes are especially attractive given their higher rate of appreciation.
The significant population growth not only implies the potential for rental demand but also suggests that there may be opportunities in developing properties to meet this increasing housing need. Investors should consider diversifying their portfolios with both purchase-and-hold strategies as well as considering new construction developments to capitalize on the expanding population.
Future Market Outlook
The outlook for the Tinchebray real estate market remains positive. Given the strong population growth coupled with consistent property value increases, it is likely that the demand for housing will continue to rise. This demand is expected to support further appreciation in property values and ensure a vibrant real estate environment.
However, investors should stay informed about regional economic factors and development plans as these can impact future market dynamics. With careful analysis and strategic investment, one can reasonably expect continued growth in the Tinchebray real estate market.