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Cranbrook, BC

Updated: Aug 2016
House
Median price $374,900
Monthly growth 39.36 %
Quarterly trend
Stock on market 1.93%
Apartment
Median price $149,700
Monthly growth -0.13 %
Quarterly trend
Stock on market 0.35%

Cranbrook Home Price

Across the nation CREW lists data for 5162 neighbourhoods, and this month Cranbrook is number 886 putting it ahead of most neighbourhoods .

The $374,900 price tag on the median Cranbrook home means that it is quite highly priced by Canadian standards.

How big are the houses being sold in Cranbrook? This month there are 2 one bedroom 26 two bedroom 52 three bedroom 52 four bedroom 25 five bedroom homes on the market.

British Columbia has the third most amount of properties available to property investors, with Cranbrook having 26th most in the province, out of a total of 359.

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

In Cranbrook, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

When looking across the province, Cranbrook is the 105th most expensive in British Columbia.

The $149,700 price tag on the median Cranbrook home means that it is very cheap in comparison to the rest of the nation.

If you’re looking at investment properties in Cranbrook, then you’re most likely to find homes with 2 bedrooms on sale this month.

According to our stats, Cranbrook is the neighbourhood that has the 42th most properties available to real estate investors in British Columbia.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Beds Median price (House) Median price (Apartment)
1 bedroom $99,900 $90,450
2 bedrooms $246,700 $118,900
3 bedrooms $297,400
4 bedrooms $419,450 $282,400
5 bedrooms $399,900
6 bedrooms $599,900
Demographics
  • Population in 201119319
  • Population in 200618329
  • 2006 to 2011 population change (%)5.4
  • Total private dwellings8509
  • Private dwellings occupied by usual residents8141
  • Population density per square kilometre604.7
  • Land area (square km)31.95