Real Estate Market Report for
Redwater, AB

Updated : Aug 2016
House
  • Median price $267,400
  • Monthly growth 2.88 %
  • Quarterly trend
  • Stock on market 4.98%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Redwater Home Price

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Redwater was Canada’s 1864th most expensive suburb by listed median house price this month.

In Aug the median listed house price of $267,400 in Redwater was an above average compared to the rest of Alberta.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.

According to our stats, Redwater is the neighbourhood that has the 62th most properties available to real estate investors in Alberta.

Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

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 Redwater, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 33, this month we show 42.

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

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 Redwater have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
1 bedroom $134,900
2 bedrooms $199,400
3 bedrooms $259,900
4 bedrooms $342,450
5 bedrooms $279,700
Demographics
  • Population in 20111915
  • Population in 20062202
  • 2006 to 2011 population change (%)-13
  • Total private dwellings844
  • Private dwellings occupied by usual residents776
  • Population density per square kilometre95.2
  • Land area (square km)20.12
  • Age Characteristics
    Total population by age groups 1915
    0 to 4 years 105
    5 to 9 years 110
    10 to 14 years 105
    15 to 19 years 135
    15 years 30
    16 years 35
    17 years 25
    18 years 30
    19 years 20
    20 to 24 years 125
    25 to 29 years 115
    30 to 34 years 115
    35 to 39 years 100
    40 to 44 years 110
    45 to 49 years 175
    50 to 54 years 155
    55 to 59 years 135
    60 to 64 years 120
    65 to 69 years 75
    70 to 74 years 65
    75 to 79 years 65
    80 to 84 years 50
    85 years and over 50
    Median age of the population 42.2
    % of the population aged 15 and over 83.3
  • Marital Status
    Total population 15 years and over by marital status 1595
    Married or living with a common-law partner 940
    Married (and not separated) 740
    Living common-law 200
    Not married and not living with a common-law partner 655
    Single (never legally married) 370
    Separated 50
    Divorced 120
    Widowed 115
    Family Characteristics
    Total number of census families in private households 545
    Size of census family: 2 persons 295
    Size of census family: 3 persons 105
    Size of census family: 4 persons 105
    Size of census family: 5 or more persons 45
    Total number of census families in private households 545
    Total couple families by family structure and number of children 465
    Married couples 365
    Without children at home 180
    With children at home 185
    1 child 70
    2 children 80
    3 or more children 35
    Common-law couples 100
    Without children at home 60
    With children at home 40
    1 child 15
    2 children 15
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 85
    Female parent 65
    1 child 45
    2 children 15
    3 or more children 10
    Male parent 20
    1 child 10
    2 children 5
    3 or more children 0
    Total children in census families in private households 535
    Under six years of age 120
    6 to 14 years 190
    15 to 17 years 85
    18 to 24 years 100
    25 years and over 40
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1870
    Number of persons not in census families 320
    Living with relatives 50
    Living with non-relatives only 60
    Living alone 205
    Number of census family persons 1550
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 270
    Number of persons not in census families aged 65 years and over 95
    Living with relatives 15
    Living with non-relatives only 5
    Living alone 80
    Number of census family persons aged 65 years and over 170
    Total number of private households by household type 775
    Census-family households 540
    One-family-only households 495
    Couple-family households 430
    Without children 225
    With children 205
    Lone-parent-family households 60
    Other family households 50
    One-family households with persons not in a census family 45
    Couple-family households 25
    Without children 15
    With children 10
    Lone-parent-family households 20
    Two-or-more-family households 5
    Non-census-family households 230
    One-person households 210
    Two-or-more-person households 25
    Total number of occupied private dwellings by structural type of dwelling 775
    Single-detached house 655
    Apartment, building that has five or more storeys 0
    Movable dwelling 30
    Other dwelling 90
    Semi-detached house 5
    Row house 45
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 35
    Other single-attached house 0
    Total number of private households by household size 775
    1 person 210
    2 persons 285
    3 persons 120
    4 persons 105
    5 persons 35
    6 or more persons 20
    Number of persons in private households 1870
    Average number of persons in private households 2.4
Census 2011

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