Real Estate Market Report for
Spruce Grove, AB

Updated : Aug 2016
House
  • Median price $389,900
  • Monthly growth 11.43 %
  • Quarterly trend
  • Stock on market 2.13%
Apartment
  • Median price $318,000
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.68%
Spruce Grove Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Spruce Grove is number 814 putting it ahead of most neighbourhoods .

In Aug the median listed house price of $389,900 in Spruce Grove was an above average compared to the rest of Alberta.

From our data, it appears that neighbourhood is number 104th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

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

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 Spruce Grove have dried up which would tend to indicate that demand is higher than the supply of new properties.

Last month, Spruce Grove was Canada’s 179th priciest – this month at number 179 it’s dropped -125 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.

When our research team crunched the numbers we calculated that Spruce Grove has a median home price of $318,000.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

Alberta has the fourth most amount of properties available to property investors, with Spruce Grove having 9th most in the province, out of a total of 99.

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

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.

Beds Median price (House) Median price (Apartment)
1 bedroom $268,525
2 bedrooms $320,000 $277,450
3 bedrooms $371,200 $322,900
4 bedrooms $414,900 $312,400
5 bedrooms $436,900
6 bedrooms $502,400
Demographics
  • Population in 201126171
  • Population in 200619541
  • 2006 to 2011 population change (%)33.9
  • Total private dwellings10105
  • Private dwellings occupied by usual residents9619
  • Population density per square kilometre808.6
  • Land area (square km)32.37
  • Age Characteristics
    Total population by age groups 26170
    0 to 4 years 2145
    5 to 9 years 1845
    10 to 14 years 1670
    15 to 19 years 1800
    15 years 345
    16 years 350
    17 years 350
    18 years 380
    19 years 370
    20 to 24 years 1810
    25 to 29 years 2190
    30 to 34 years 2220
    35 to 39 years 2030
    40 to 44 years 1840
    45 to 49 years 1880
    50 to 54 years 1725
    55 to 59 years 1495
    60 to 64 years 1315
    65 to 69 years 850
    70 to 74 years 575
    75 to 79 years 400
    80 to 84 years 195
    85 years and over 190
    Median age of the population 33.7
    % of the population aged 15 and over 78.4
  • Marital Status
    Total population 15 years and over by marital status 20510
    Married or living with a common-law partner 13240
    Married (and not separated) 11130
    Living common-law 2105
    Not married and not living with a common-law partner 7270
    Single (never legally married) 4855
    Separated 555
    Divorced 1190
    Widowed 670
    Family Characteristics
    Total number of census families in private households 7625
    Size of census family: 2 persons 3545
    Size of census family: 3 persons 1655
    Size of census family: 4 persons 1725
    Size of census family: 5 or more persons 700
    Total number of census families in private households 7625
    Total couple families by family structure and number of children 6555
    Married couples 5505
    Without children at home 2365
    With children at home 3140
    1 child 1060
    2 children 1485
    3 or more children 595
    Common-law couples 1055
    Without children at home 570
    With children at home 480
    1 child 245
    2 children 155
    3 or more children 75
    Total lone-parent families by sex of parent and number of children 1070
    Female parent 810
    1 child 450
    2 children 275
    3 or more children 95
    Male parent 260
    1 child 160
    2 children 75
    3 or more children 25
    Total children in census families in private households 8495
    Under six years of age 2550
    6 to 14 years 3065
    15 to 17 years 1005
    18 to 24 years 1420
    25 years and over 455
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 26000
    Number of persons not in census families 3325
    Living with relatives 500
    Living with non-relatives only 1115
    Living alone 1715
    Number of census family persons 22675
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 2105
    Number of persons not in census families aged 65 years and over 550
    Living with relatives 70
    Living with non-relatives only 25
    Living alone 450
    Number of census family persons aged 65 years and over 1550
    Total number of private households by household type 9615
    Census-family households 7460
    One-family-only households 6840
    Couple-family households 6050
    Without children 2685
    With children 3365
    Lone-parent-family households 795
    Other family households 620
    One-family households with persons not in a census family 465
    Couple-family households 295
    Without children 115
    With children 180
    Lone-parent-family households 170
    Two-or-more-family households 155
    Non-census-family households 2160
    One-person households 1715
    Two-or-more-person households 440
    Total number of occupied private dwellings by structural type of dwelling 9620
    Single-detached house 6930
    Apartment, building that has five or more storeys 90
    Movable dwelling 290
    Other dwelling 2315
    Semi-detached house 790
    Row house 420
    Apartment, duplex 40
    Apartment, building that has fewer than five storeys 1070
    Other single-attached house 5
    Total number of private households by household size 9615
    1 person 1710
    2 persons 3455
    3 persons 1735
    4 persons 1810
    5 persons 610
    6 or more persons 295
    Number of persons in private households 26000
    Average number of persons in private households 2.7
Census 2011

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