Real Estate Market Report for
Springbrook, AB

Updated : Aug 2016
House
  • Median price $262,450
  • Monthly growth 16.54 %
  • Quarterly trend
  • Stock on market 0.29%
Apartment
  • Median price $199,900
  • Monthly growth -3.61 %
  • Quarterly trend
  • Stock on market 0.04%
Springbrook Home Price

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With a median listing price of $262,450, Springbrook is Canada’s 1921th most expensive when ordered by median listing price.

The $262,450 price tag on the median Springbrook home means that it is above the cost of most houses in the country.

Investors looking for properties in Springbrook are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.

According to our stats, Springbrook is the neighbourhood that has the 91th most properties available to real estate investors in Alberta.

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

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

Canada’s national median home listing price this month is $244,900, which means that Springbrook is close to average for Canada.

When our research team crunched the numbers we calculated that Springbrook has a median home price of $199,900.

Alberta has the fourth most amount of properties available to property investors, with Springbrook having 69th most in the province, out of a total of 99.

It’s never an exact art, but to try to forecast how property is going to appreciate in Springbrook for investors, it’s important to look at data like:

If you are looking at investment properties in Springbrook, 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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $226,900
3 bedrooms $211,700
4 bedrooms $329,900
Demographics
  • Population in 201118351
  • Population in 200618649
  • 2006 to 2011 population change (%)-1.6
  • Total private dwellings7703
  • Private dwellings occupied by usual residents6643
  • Population density per square kilometre4.6
  • Land area (square km)3949
  • Age Characteristics
    Total population by age groups 18350
    0 to 4 years 915
    5 to 9 years 1075
    10 to 14 years 1225
    15 to 19 years 1360
    15 years 290
    16 years 280
    17 years 275
    18 years 285
    19 years 235
    20 to 24 years 970
    25 to 29 years 830
    30 to 34 years 900
    35 to 39 years 1080
    40 to 44 years 1225
    45 to 49 years 1775
    50 to 54 years 1815
    55 to 59 years 1610
    60 to 64 years 1295
    65 to 69 years 890
    70 to 74 years 630
    75 to 79 years 395
    80 to 84 years 230
    85 years and over 130
    Median age of the population 43.4
    % of the population aged 15 and over 82.5
  • Marital Status
    Total population 15 years and over by marital status 15135
    Married or living with a common-law partner 10175
    Married (and not separated) 9110
    Living common-law 1060
    Not married and not living with a common-law partner 4965
    Single (never legally married) 3405
    Separated 290
    Divorced 770
    Widowed 500
    Family Characteristics
    Total number of census families in private households 5415
    Size of census family: 2 persons 2940
    Size of census family: 3 persons 900
    Size of census family: 4 persons 980
    Size of census family: 5 or more persons 600
    Total number of census families in private households 5410
    Total couple families by family structure and number of children 4970
    Married couples 4450
    Without children at home 2325
    With children at home 2120
    1 child 700
    2 children 860
    3 or more children 555
    Common-law couples 530
    Without children at home 335
    With children at home 190
    1 child 90
    2 children 80
    3 or more children 30
    Total lone-parent families by sex of parent and number of children 440
    Female parent 305
    1 child 190
    2 children 70
    3 or more children 45
    Male parent 130
    1 child 85
    2 children 40
    3 or more children 10
    Total children in census families in private households 5350
    Under six years of age 1085
    6 to 14 years 2050
    15 to 17 years 815
    18 to 24 years 1075
    25 years and over 325
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 17535
    Number of persons not in census families 1800
    Living with relatives 225
    Living with non-relatives only 425
    Living alone 1150
    Number of census family persons 15735
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 2240
    Number of persons not in census families aged 65 years and over 480
    Living with relatives 60
    Living with non-relatives only 40
    Living alone 385
    Number of census family persons aged 65 years and over 1760
    Total number of private households by household type 6645
    Census-family households 5320
    One-family-only households 5000
    Couple-family households 4680
    Without children 2520
    With children 2160
    Lone-parent-family households 330
    Other family households 315
    One-family households with persons not in a census family 230
    Couple-family households 170
    Without children 65
    With children 110
    Lone-parent-family households 60
    Two-or-more-family households 90
    Non-census-family households 1325
    One-person households 1150
    Two-or-more-person households 170
    Total number of occupied private dwellings by structural type of dwelling 6640
    Single-detached house 5550
    Apartment, building that has five or more storeys 5
    Movable dwelling 905
    Other dwelling 185
    Semi-detached house 105
    Row house 65
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 5
    Total number of private households by household size 6640
    1 person 1150
    2 persons 2870
    3 persons 910
    4 persons 1015
    5 persons 460
    6 or more persons 245
    Number of persons in private households 17535
    Average number of persons in private households 2.6
Census 2011

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