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Elk Point, AB

Updated: Aug 2016
House
Median price $282,000
Monthly growth 2.17 %
Quarterly trend
Stock on market 5.49%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Elk Point Home Price

Across the country as a whole, Elk Point is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Alberta is $375,000 , which means that Elk Point’s median price is $282,000 better than average than the rest of the province.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

There are 339 neighbourhoods that have more properties on sale than Elk Point at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.

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

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 Elk Point, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 26, this month we show 34.

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

Over the last three months in Elk Point, 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 Elk Point, AB
Beds Median price (House) Median price (Apartment)
2 bedrooms $139,900
3 bedrooms $185,000
4 bedrooms $289,950
5 bedrooms $334,000
Demographics
  • Population in 20111412
  • Population in 20061487
  • 2006 to 2011 population change (%)-5
  • Total private dwellings619
  • Private dwellings occupied by usual residents572
  • Population density per square kilometre289.1
  • Land area (square km)4.88

Age Characteristics

Total population by age groups 1410
0 to 4 years 115
5 to 9 years 105
10 to 14 years 90
15 to 19 years 105
15 years 20
16 years 25
17 years 20
18 years 20
19 years 20
20 to 24 years 100
25 to 29 years 100
30 to 34 years 100
35 to 39 years 95
40 to 44 years 105
45 to 49 years 110
50 to 54 years 75
55 to 59 years 75
60 to 64 years 65
65 to 69 years 45
70 to 74 years 55
75 to 79 years 30
80 to 84 years 10
85 years and over 20
Median age of the population 34.4
% of the population aged 15 and over 78.2

Marital Status

Total population 15 years and over by marital status 1105
Married or living with a common-law partner 650
Married (and not separated) 500
Living common-law 160
Not married and not living with a common-law partner 450
Single (never legally married) 290
Separated 30
Divorced 65
Widowed 60

Family Characteristics

Total number of census families in private households 395
Size of census family: 2 persons 185
Size of census family: 3 persons 85
Size of census family: 4 persons 80
Size of census family: 5 or more persons 40
Total number of census families in private households 390
Total couple families by family structure and number of children 320
Married couples 240
Without children at home 110
With children at home 135
1 child 40
2 children 65
3 or more children 25
Common-law couples 75
Without children at home 40
With children at home 35
1 child 15
2 children 10
3 or more children 15
Total lone-parent families by sex of parent and number of children 70
Female parent 55
1 child 30
2 children 20
3 or more children 10
Male parent 15
1 child 5
2 children 5
3 or more children 0
Total children in census families in private households 440
Under six years of age 135
6 to 14 years 175
15 to 17 years 55
18 to 24 years 55
25 years and over 20
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 1405
Number of persons not in census families 250
Living with relatives 30
Living with non-relatives only 55
Living alone 165
Number of census family persons 1150
Average number of persons per census family 3
Total number of persons 65 years and over in private households 165
Number of persons not in census families aged 65 years and over 65
Living with relatives 5
Living with non-relatives only 10
Living alone 55
Number of census family persons aged 65 years and over 100
Total number of private households by household type 570
Census-family households 380
One-family-only households 350
Couple-family households 300
Without children 140
With children 160
Lone-parent-family households 50
Other family households 30
One-family households with persons not in a census family 25
Couple-family households 15
Without children 5
With children 5
Lone-parent-family households 10
Two-or-more-family households 10
Non-census-family households 190
One-person households 160
Two-or-more-person households 30
Total number of occupied private dwellings by structural type of dwelling 570
Single-detached house 430
Apartment, building that has five or more storeys 0
Movable dwelling 35
Other dwelling 115
Semi-detached house 0
Row house 15
Apartment, duplex 0
Apartment, building that has fewer than five storeys 100
Other single-attached house 0
Total number of private households by household size 570
1 person 165
2 persons 185
3 persons 90
4 persons 80
5 persons 40
6 or more persons 10
Number of persons in private households 1405
Average number of persons in private households 2.4

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