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Gull Lake, AB

Updated: Aug 2016
House
Median price $494,450
Monthly growth 86.93 %
Quarterly trend
Stock on market 32.50%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Gull Lake Home Price

When looking across the province, Gull Lake is the 47th most expensive in Alberta.

With Gull Lake’s median house price at $494,450 in Aug , it is high priced compared to the rest of Alberta.

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

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.

As one of Alberta’s many potential real estate investment neighbourhoods, Gull Lake needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gull Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
2 bedrooms $344,450
3 bedrooms $349,000
4 bedrooms $542,400
5 bedrooms $929,000
Demographics
  • Population in 2011122
  • Population in 2006204
  • 2006 to 2011 population change (%)-40.2
  • Total private dwellings80
  • Private dwellings occupied by usual residents56
  • Population density per square kilometre174.9
  • Land area (square km)0.7

Age Characteristics

Total population by age groups 120
0 to 4 years 5
5 to 9 years 5
10 to 14 years 10
15 to 19 years 0
15 years 0
16 years 5
17 years 0
18 years 0
19 years 0
20 to 24 years 0
25 to 29 years 5
30 to 34 years 5
35 to 39 years 0
40 to 44 years 10
45 to 49 years 10
50 to 54 years 20
55 to 59 years 15
60 to 64 years 10
65 to 69 years 10
70 to 74 years 5
75 to 79 years 0
80 to 84 years 5
85 years and over 0
Median age of the population 51.3
% of the population aged 15 and over 81

Marital Status

Total population 15 years and over by marital status 100
Married or living with a common-law partner 80
Married (and not separated) 70
Living common-law 10
Not married and not living with a common-law partner 20
Single (never legally married) 15
Separated 0
Divorced 5
Widowed 5

Family Characteristics

Total number of census families in private households 40
Size of census family: 2 persons 30
Size of census family: 3 persons 5
Size of census family: 4 persons 5
Size of census family: 5 or more persons 5
Total number of census families in private households 40
Total couple families by family structure and number of children 40
Married couples 35
Without children at home 25
With children at home 10
1 child 0
2 children 10
3 or more children 5
Common-law couples 5
Without children at home 5
With children at home 0
1 child 5
2 children 0
3 or more children 0
Total lone-parent families by sex of parent and number of children 5
Female parent 0
1 child 0
2 children 0
3 or more children 0
Male parent 0
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 25
Under six years of age 5
6 to 14 years 10
15 to 17 years 0
18 to 24 years 5
25 years and over 0
Average number of children at home per census family 0.6

Household And Dwelling Characteristics

Total number of persons in private households 125
Number of persons not in census families 15
Living with relatives 0
Living with non-relatives only 0
Living alone 15
Number of census family persons 105
Average number of persons per census family 2.6
Total number of persons 65 years and over in private households 20
Number of persons not in census families aged 65 years and over 0
Living with relatives 0
Living with non-relatives only 0
Living alone 5
Number of census family persons aged 65 years and over 20
Total number of private households by household type 55
Census-family households 40
One-family-only households 40
Couple-family households 40
Without children 25
With children 10
Lone-parent-family households 5
Other family households 5
One-family households with persons not in a census family 0
Couple-family households 0
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 0
Non-census-family households 10
One-person households 15
Two-or-more-person households 0
Total number of occupied private dwellings by structural type of dwelling 55
Single-detached house 55
Apartment, building that has five or more storeys 0
Movable dwelling 0
Other dwelling 0
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 55
1 person 15
2 persons 30
3 persons 5
4 persons 5
5 persons 0
6 or more persons 0
Number of persons in private households 120
Average number of persons in private households 2

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