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Cherry Grove, AB

Updated: Aug 2016
House
Median price $435,000
Monthly growth 9.44 %
Quarterly trend
Stock on market 0.18%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Cherry Grove Home Price

Canada’s national median home listing price this month is $290,900, which means that Cherry Grove is in the top 20% for Canada.

Cherry Grove, Alberta has a median house price of $435,000 when compiling all the home listings in Aug .

Investors looking for properties in Cherry Grove are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

According to our stats, Cherry Grove is the neighbourhood that has the 171th most properties available to real estate investors in Alberta.

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

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 Cherry Grove, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 7, this month we show 8.

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

Over the last three months in Cherry Grove, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Find a mortgage broker in Cherry Grove, AB
Beds Median price (House) Median price (Apartment)
3 bedrooms $435,000
4 bedrooms $424,900
5 bedrooms $499,750
Demographics
  • Population in 200610194
  • 2006 to 2011 population change (%)9.8
  • Total private dwellings4349
  • Private dwellings occupied by usual residents3951
  • Population density per square kilometre1.8
  • Land area (square km)6057.44
  • Population in 201111191

Age Characteristics

Total population by age groups 11190
0 to 4 years 805
5 to 9 years 805
10 to 14 years 875
15 to 19 years 860
15 years 190
16 years 180
17 years 190
18 years 165
19 years 140
20 to 24 years 585
25 to 29 years 625
30 to 34 years 720
35 to 39 years 735
40 to 44 years 805
45 to 49 years 1040
50 to 54 years 975
55 to 59 years 715
60 to 64 years 555
65 to 69 years 465
70 to 74 years 295
75 to 79 years 200
80 to 84 years 75
85 years and over 50
Median age of the population 37.1
% of the population aged 15 and over 77.8

Marital Status

Total population 15 years and over by marital status 8710
Married or living with a common-law partner 6000
Married (and not separated) 5095
Living common-law 905
Not married and not living with a common-law partner 2710
Single (never legally married) 1950
Separated 150
Divorced 340
Widowed 270

Family Characteristics

Total number of census families in private households 3345
Size of census family: 2 persons 1635
Size of census family: 3 persons 645
Size of census family: 4 persons 635
Size of census family: 5 or more persons 430
Total number of census families in private households 3345
Total couple families by family structure and number of children 2975
Married couples 2525
Without children at home 1195
With children at home 1335
1 child 430
2 children 535
3 or more children 360
Common-law couples 455
Without children at home 245
With children at home 205
1 child 95
2 children 65
3 or more children 40
Total lone-parent families by sex of parent and number of children 370
Female parent 240
1 child 125
2 children 75
3 or more children 35
Male parent 130
1 child 75
2 children 40
3 or more children 15
Total children in census families in private households 3770
Under six years of age 940
6 to 14 years 1490
15 to 17 years 535
18 to 24 years 605
25 years and over 205
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 11175
Number of persons not in census families 1080
Living with relatives 225
Living with non-relatives only 245
Living alone 610
Number of census family persons 10095
Average number of persons per census family 3
Total number of persons 65 years and over in private households 1085
Number of persons not in census families aged 65 years and over 245
Living with relatives 45
Living with non-relatives only 15
Living alone 185
Number of census family persons aged 65 years and over 840
Total number of private households by household type 3950
Census-family households 3240
One-family-only households 2955
Couple-family households 2730
Without children 1310
With children 1415
Lone-parent-family households 225
Other family households 285
One-family households with persons not in a census family 190
Couple-family households 125
Without children 55
With children 75
Lone-parent-family households 65
Two-or-more-family households 95
Non-census-family households 710
One-person households 610
Two-or-more-person households 100
Total number of occupied private dwellings by structural type of dwelling 3955
Single-detached house 3460
Apartment, building that has five or more storeys 0
Movable dwelling 370
Other dwelling 125
Semi-detached house 100
Row house 20
Apartment, duplex 0
Apartment, building that has fewer than five storeys 5
Other single-attached house 5
Total number of private households by household size 3950
1 person 610
2 persons 1515
3 persons 645
4 persons 650
5 persons 325
6 or more persons 205
Number of persons in private households 11175
Average number of persons in private households 2.8

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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