Real Estate Market Report for
Elk Point, AB

Updated : Aug 2016
House
  • Median price $282,000
  • Monthly growth 2.17 %
  • Quarterly trend
  • Stock on market 5.49%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Elk Point Home Price

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Across the country as a whole, Elk Point is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Alberta is $375,000 , which means that Elk Point’s median price is $282,000 better than average than the rest of the province.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

There are 339 neighbourhoods that have more properties on sale than Elk Point at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.

Will prices rise across the next year in in Elk Point? There are a number of real estate indicators to consider.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Elk Point, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 26, this month we show 34.

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

Over the last three months in Elk Point, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
2 bedrooms $139,900
3 bedrooms $185,000
4 bedrooms $289,950
5 bedrooms $334,000
Demographics
  • Population in 20111412
  • Population in 20061487
  • 2006 to 2011 population change (%)-5
  • Total private dwellings619
  • Private dwellings occupied by usual residents572
  • Population density per square kilometre289.1
  • Land area (square km)4.88
  • Age Characteristics
    Total population by age groups 1410
    0 to 4 years 115
    5 to 9 years 105
    10 to 14 years 90
    15 to 19 years 105
    15 years 20
    16 years 25
    17 years 20
    18 years 20
    19 years 20
    20 to 24 years 100
    25 to 29 years 100
    30 to 34 years 100
    35 to 39 years 95
    40 to 44 years 105
    45 to 49 years 110
    50 to 54 years 75
    55 to 59 years 75
    60 to 64 years 65
    65 to 69 years 45
    70 to 74 years 55
    75 to 79 years 30
    80 to 84 years 10
    85 years and over 20
    Median age of the population 34.4
    % of the population aged 15 and over 78.2
  • Marital Status
    Total population 15 years and over by marital status 1105
    Married or living with a common-law partner 650
    Married (and not separated) 500
    Living common-law 160
    Not married and not living with a common-law partner 450
    Single (never legally married) 290
    Separated 30
    Divorced 65
    Widowed 60
    Family Characteristics
    Total number of census families in private households 395
    Size of census family: 2 persons 185
    Size of census family: 3 persons 85
    Size of census family: 4 persons 80
    Size of census family: 5 or more persons 40
    Total number of census families in private households 390
    Total couple families by family structure and number of children 320
    Married couples 240
    Without children at home 110
    With children at home 135
    1 child 40
    2 children 65
    3 or more children 25
    Common-law couples 75
    Without children at home 40
    With children at home 35
    1 child 15
    2 children 10
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 70
    Female parent 55
    1 child 30
    2 children 20
    3 or more children 10
    Male parent 15
    1 child 5
    2 children 5
    3 or more children 0
    Total children in census families in private households 440
    Under six years of age 135
    6 to 14 years 175
    15 to 17 years 55
    18 to 24 years 55
    25 years and over 20
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1405
    Number of persons not in census families 250
    Living with relatives 30
    Living with non-relatives only 55
    Living alone 165
    Number of census family persons 1150
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 165
    Number of persons not in census families aged 65 years and over 65
    Living with relatives 5
    Living with non-relatives only 10
    Living alone 55
    Number of census family persons aged 65 years and over 100
    Total number of private households by household type 570
    Census-family households 380
    One-family-only households 350
    Couple-family households 300
    Without children 140
    With children 160
    Lone-parent-family households 50
    Other family households 30
    One-family households with persons not in a census family 25
    Couple-family households 15
    Without children 5
    With children 5
    Lone-parent-family households 10
    Two-or-more-family households 10
    Non-census-family households 190
    One-person households 160
    Two-or-more-person households 30
    Total number of occupied private dwellings by structural type of dwelling 570
    Single-detached house 430
    Apartment, building that has five or more storeys 0
    Movable dwelling 35
    Other dwelling 115
    Semi-detached house 0
    Row house 15
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 100
    Other single-attached house 0
    Total number of private households by household size 570
    1 person 165
    2 persons 185
    3 persons 90
    4 persons 80
    5 persons 40
    6 or more persons 10
    Number of persons in private households 1405
    Average number of persons in private households 2.4
Census 2011

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