Real Estate Market Report for
Granum, AB

Updated : Aug 2016
House
  • Median price $162,450
  • Monthly growth -1.48 %
  • Quarterly trend
  • Stock on market 4.55%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Granum Home Price

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Granum was Canada’s 3649th most expensive suburb by listed median house price this month.

In Aug the median listed house price of $162,450 in Granum was relatively low compared to the rest of Alberta.

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.

From our data, it appears that neighbourhood is number 2013th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.

Can we guarantee how well Granum is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

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 Granum, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 12, this month we show 10.

When we look at the data we have, it can help with trying to establish whether or not Granum 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)
3 bedrooms $149,000
Demographics
  • Population in 2011447
  • Population in 2006415
  • 2006 to 2011 population change (%)7.7
  • Total private dwellings220
  • Private dwellings occupied by usual residents205
  • Population density per square kilometre239.6
  • Land area (square km)1.87
  • Age Characteristics
    Total population by age groups 445
    0 to 4 years 20
    5 to 9 years 15
    10 to 14 years 25
    15 to 19 years 30
    15 years 5
    16 years 5
    17 years 5
    18 years 10
    19 years 0
    20 to 24 years 10
    25 to 29 years 15
    30 to 34 years 20
    35 to 39 years 15
    40 to 44 years 30
    45 to 49 years 35
    50 to 54 years 35
    55 to 59 years 45
    60 to 64 years 45
    65 to 69 years 40
    70 to 74 years 30
    75 to 79 years 20
    80 to 84 years 10
    85 years and over 5
    Median age of the population 51.1
    % of the population aged 15 and over 86.4
  • Marital Status
    Total population 15 years and over by marital status 390
    Married or living with a common-law partner 215
    Married (and not separated) 185
    Living common-law 30
    Not married and not living with a common-law partner 170
    Single (never legally married) 85
    Separated 10
    Divorced 45
    Widowed 20
    Family Characteristics
    Total number of census families in private households 130
    Size of census family: 2 persons 85
    Size of census family: 3 persons 25
    Size of census family: 4 persons 15
    Size of census family: 5 or more persons 5
    Total number of census families in private households 130
    Total couple families by family structure and number of children 110
    Married couples 95
    Without children at home 60
    With children at home 35
    1 child 15
    2 children 15
    3 or more children 5
    Common-law couples 15
    Without children at home 10
    With children at home 5
    1 child 5
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 25
    Female parent 20
    1 child 10
    2 children 5
    3 or more children 0
    Male parent 5
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 110
    Under six years of age 20
    6 to 14 years 40
    15 to 17 years 15
    18 to 24 years 20
    25 years and over 10
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 445
    Number of persons not in census families 100
    Living with relatives 15
    Living with non-relatives only 15
    Living alone 65
    Number of census family persons 345
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 105
    Number of persons not in census families aged 65 years and over 40
    Living with relatives 5
    Living with non-relatives only 10
    Living alone 20
    Number of census family persons aged 65 years and over 70
    Total number of private households by household type 205
    Census-family households 130
    One-family-only households 115
    Couple-family households 100
    Without children 60
    With children 35
    Lone-parent-family households 15
    Other family households 15
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 5
    With children 0
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 75
    One-person households 65
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 205
    Single-detached house 180
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 15
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 10
    Other single-attached house 0
    Total number of private households by household size 205
    1 person 65
    2 persons 85
    3 persons 25
    4 persons 20
    5 persons 10
    6 or more persons 0
    Number of persons in private households 445
    Average number of persons in private households 2.2
Census 2011

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