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Springbrook, AB

Updated: Aug 2016
House
Median price $262,450
Monthly growth 16.54 %
Quarterly trend
Stock on market 0.29%
Apartment
Median price $199,900
Monthly growth -3.61 %
Quarterly trend
Stock on market 0.04%

Springbrook Home Price

With a median listing price of $262,450, Springbrook is Canada’s 1921th most expensive when ordered by median listing price.

The $262,450 price tag on the median Springbrook home means that it is above the cost of most houses in the country.

Investors looking for properties in Springbrook are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.

According to our stats, Springbrook is the neighbourhood that has the 91th most properties available to real estate investors in Alberta.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Springbrook 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.

Canada’s national median home listing price this month is $244,900, which means that Springbrook is close to average for Canada.

When our research team crunched the numbers we calculated that Springbrook has a median home price of $199,900.

Alberta has the fourth most amount of properties available to property investors, with Springbrook having 69th most in the province, out of a total of 99.

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

If you are looking at investment properties in Springbrook, 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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $226,900
3 bedrooms $211,700
4 bedrooms $329,900
Demographics
  • Population in 201118351
  • Population in 200618649
  • 2006 to 2011 population change (%)-1.6
  • Total private dwellings7703
  • Private dwellings occupied by usual residents6643
  • Population density per square kilometre4.6
  • Land area (square km)3949