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Devon, AB

Updated: Aug 2016
House
Median price $394,900
Monthly growth 13.00 %
Quarterly trend
Stock on market 1.66%
Apartment
Median price $269,900
Monthly growth -8.87 %
Quarterly trend
Stock on market 0.20%

Devon Home Price

With a median listing price of $394,900, Devon is Canada’s 788th most expensive when ordered by median listing price.

In Aug the median listed house price of $394,900 in Devon was an impressive compared to the rest of Alberta.

4 bedroom properties are the most common available for real estate investors this month in neighbourhood.

Across Alberta Devon has the 65th most properties on offer with 339.

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

If you are looking at investment properties in Devon, 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.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Devon is number 302 putting it in the top half of the country .

The median house price listed in Devon this month is $269,900.

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.

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

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

Beds Median price (House) Median price (Apartment)
2 bedrooms $229,700 $263,042
3 bedrooms $365,944 $334,900
4 bedrooms $399,700
5 bedrooms $486,400
Demographics
  • Population in 20116510
  • Population in 20066261
  • 2006 to 2011 population change (%)4
  • Total private dwellings2471
  • Private dwellings occupied by usual residents2387
  • Population density per square kilometre555.6
  • Land area (square km)11.72