Real Estate Market Report for
Devon, AB

Updated : Aug 2016
House
  • Median price $394,900
  • Monthly growth 13.00 %
  • Quarterly trend
  • Stock on market 1.66%
Apartment
  • Median price $269,900
  • Monthly growth -8.87 %
  • Quarterly trend
  • Stock on market 0.20%
Devon Home Price

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With a median listing price of $394,900, Devon is Canada’s 788th most expensive when ordered by median listing price.

In Aug the median listed house price of $394,900 in Devon was an impressive compared to the rest of Alberta.

4 bedroom properties are the most common available for real estate investors this month in neighbourhood.

Across Alberta Devon has the 65th most properties on offer with 339.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Devon will hopefully provide an indicator to help you where to research in-depth

If you are looking at investment properties in Devon, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Devon is number 302 putting it in the top half of the country .

The median house price listed in Devon this month is $269,900.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

When we look at the data we have, it can help with trying to establish whether or not Devon is a good investment target.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
2 bedrooms $229,700 $263,042
3 bedrooms $365,944 $334,900
4 bedrooms $399,700
5 bedrooms $486,400
Demographics
  • Population in 20116510
  • Population in 20066261
  • 2006 to 2011 population change (%)4
  • Total private dwellings2471
  • Private dwellings occupied by usual residents2387
  • Population density per square kilometre555.6
  • Land area (square km)11.72
  • Age Characteristics
    Total population by age groups 6510
    0 to 4 years 510
    5 to 9 years 485
    10 to 14 years 430
    15 to 19 years 430
    15 years 85
    16 years 80
    17 years 85
    18 years 100
    19 years 65
    20 to 24 years 390
    25 to 29 years 425
    30 to 34 years 555
    35 to 39 years 515
    40 to 44 years 450
    45 to 49 years 470
    50 to 54 years 480
    55 to 59 years 405
    60 to 64 years 320
    65 to 69 years 215
    70 to 74 years 155
    75 to 79 years 100
    80 to 84 years 85
    85 years and over 85
    Median age of the population 35.2
    % of the population aged 15 and over 78.1
  • Marital Status
    Total population 15 years and over by marital status 5080
    Married or living with a common-law partner 3325
    Married (and not separated) 2740
    Living common-law 585
    Not married and not living with a common-law partner 1755
    Single (never legally married) 1125
    Separated 130
    Divorced 285
    Widowed 215
    Family Characteristics
    Total number of census families in private households 1880
    Size of census family: 2 persons 845
    Size of census family: 3 persons 445
    Size of census family: 4 persons 390
    Size of census family: 5 or more persons 195
    Total number of census families in private households 1880
    Total couple families by family structure and number of children 1635
    Married couples 1345
    Without children at home 570
    With children at home 780
    1 child 300
    2 children 310
    3 or more children 165
    Common-law couples 290
    Without children at home 150
    With children at home 140
    1 child 65
    2 children 50
    3 or more children 25
    Total lone-parent families by sex of parent and number of children 245
    Female parent 180
    1 child 80
    2 children 65
    3 or more children 35
    Male parent 65
    1 child 45
    2 children 20
    3 or more children 0
    Total children in census families in private households 2120
    Under six years of age 575
    6 to 14 years 835
    15 to 17 years 245
    18 to 24 years 325
    25 years and over 140
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 6430
    Number of persons not in census families 790
    Living with relatives 90
    Living with non-relatives only 245
    Living alone 455
    Number of census family persons 5640
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 575
    Number of persons not in census families aged 65 years and over 160
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 145
    Number of census family persons aged 65 years and over 415
    Total number of private households by household type 2390
    Census-family households 1840
    One-family-only households 1695
    Couple-family households 1515
    Without children 660
    With children 855
    Lone-parent-family households 180
    Other family households 150
    One-family households with persons not in a census family 110
    Couple-family households 70
    Without children 25
    With children 45
    Lone-parent-family households 40
    Two-or-more-family households 35
    Non-census-family households 545
    One-person households 455
    Two-or-more-person households 85
    Total number of occupied private dwellings by structural type of dwelling 2385
    Single-detached house 1885
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 485
    Semi-detached house 145
    Row house 140
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 200
    Other single-attached house 0
    Total number of private households by household size 2385
    1 person 455
    2 persons 825
    3 persons 440
    4 persons 430
    5 persons 170
    6 or more persons 75
    Number of persons in private households 6430
    Average number of persons in private households 2.7
Census 2011

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