Real Estate Market Report for
Magrath, AB

Updated : Aug 2016
House
  • Median price $229,000
  • Monthly growth -15.18 %
  • Quarterly trend
  • Stock on market 1.47%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Magrath Home Price

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While the median for Alberta is $375,000 , which means that Magrath’s median price is $229,000 better than average than the rest of the province.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

Across Alberta Magrath has the 142th 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 Magrath will hopefully provide an indicator to help you where to research in-depth

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Magrath have dried up which would tend to indicate that demand is higher than the supply of new properties.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

Can we guarantee how well Magrath 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.

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 $189,375
3 bedrooms $164,000
4 bedrooms $201,950
5 bedrooms $282,000
6 bedrooms $344,450
Demographics
  • Population in 20112217
  • Population in 20062081
  • 2006 to 2011 population change (%)6.5
  • Total private dwellings748
  • Private dwellings occupied by usual residents684
  • Population density per square kilometre446.2
  • Land area (square km)4.97
  • Age Characteristics
    Total population by age groups 2215
    0 to 4 years 190
    5 to 9 years 215
    10 to 14 years 205
    15 to 19 years 190
    15 years 45
    16 years 35
    17 years 40
    18 years 40
    19 years 30
    20 to 24 years 115
    25 to 29 years 100
    30 to 34 years 130
    35 to 39 years 115
    40 to 44 years 100
    45 to 49 years 130
    50 to 54 years 105
    55 to 59 years 140
    60 to 64 years 115
    65 to 69 years 90
    70 to 74 years 85
    75 to 79 years 75
    80 to 84 years 40
    85 years and over 70
    Median age of the population 33.6
    % of the population aged 15 and over 72.6
  • Marital Status
    Total population 15 years and over by marital status 1610
    Married or living with a common-law partner 1070
    Married (and not separated) 1015
    Living common-law 50
    Not married and not living with a common-law partner 540
    Single (never legally married) 335
    Separated 20
    Divorced 75
    Widowed 105
    Family Characteristics
    Total number of census families in private households 580
    Size of census family: 2 persons 270
    Size of census family: 3 persons 90
    Size of census family: 4 persons 80
    Size of census family: 5 or more persons 140
    Total number of census families in private households 580
    Total couple families by family structure and number of children 520
    Married couples 495
    Without children at home 230
    With children at home 265
    1 child 65
    2 children 65
    3 or more children 130
    Common-law couples 25
    Without children at home 10
    With children at home 15
    1 child 10
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 60
    Female parent 50
    1 child 20
    2 children 15
    3 or more children 15
    Male parent 10
    1 child 10
    2 children 0
    3 or more children 0
    Total children in census families in private households 880
    Under six years of age 230
    6 to 14 years 370
    15 to 17 years 120
    18 to 24 years 130
    25 years and over 35
    Average number of children at home per census family 1.5
  • Household And Dwelling Characteristics
    Total number of persons in private households 2140
    Number of persons not in census families 155
    Living with relatives 30
    Living with non-relatives only 15
    Living alone 110
    Number of census family persons 1985
    Average number of persons per census family 3.4
    Total number of persons 65 years and over in private households 290
    Number of persons not in census families aged 65 years and over 75
    Living with relatives 15
    Living with non-relatives only 5
    Living alone 60
    Number of census family persons aged 65 years and over 220
    Total number of private households by household type 685
    Census-family households 565
    One-family-only households 530
    Couple-family households 480
    Without children 220
    With children 260
    Lone-parent-family households 45
    Other family households 35
    One-family households with persons not in a census family 20
    Couple-family households 20
    Without children 10
    With children 10
    Lone-parent-family households 5
    Two-or-more-family households 15
    Non-census-family households 115
    One-person households 115
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 685
    Single-detached house 620
    Apartment, building that has five or more storeys 0
    Movable dwelling 30
    Other dwelling 35
    Semi-detached house 5
    Row house 0
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 15
    Other single-attached house 5
    Total number of private households by household size 685
    1 person 115
    2 persons 250
    3 persons 90
    4 persons 85
    5 persons 55
    6 or more persons 95
    Number of persons in private households 2140
    Average number of persons in private households 3.1
Census 2011

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