Real Estate Market Report for
Cardigan, PE

Updated : Aug 2016
House
  • Median price $106,000
  • Monthly growth 6.21 %
  • Quarterly trend
  • Stock on market 3.91%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Cardigan Home Price

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The median asking price in Cardigan is $106,000, quite a drop from the median three months ago which was $124,950 .

In Aug the median listed house price of $106,000 in Cardigan was relatively low compared to the rest of Prince Edward Island.

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.

According to our stats, Cardigan is the neighbourhood that has the 52th most properties available to real estate investors in Prince Edward Island.

Can we guarantee how well Cardigan is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

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 Cardigan, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 5.

Can we guarantee how well Cardigan is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Cardigan 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 $106,000
3 bedrooms $124,850
Demographics
  • Population in 2011332
  • Population in 2006374
  • 2006 to 2011 population change (%)-11.2
  • Total private dwellings128
  • Private dwellings occupied by usual residents120
  • Population density per square kilometre62.9
  • Land area (square km)5.28
  • Age Characteristics
    Total population by age groups 330
    0 to 4 years 15
    5 to 9 years 25
    10 to 14 years 25
    15 to 19 years 35
    15 years 5
    16 years 10
    17 years 5
    18 years 10
    19 years 5
    20 to 24 years 25
    25 to 29 years 15
    30 to 34 years 15
    35 to 39 years 15
    40 to 44 years 25
    45 to 49 years 30
    50 to 54 years 30
    55 to 59 years 25
    60 to 64 years 20
    65 to 69 years 10
    70 to 74 years 5
    75 to 79 years 5
    80 to 84 years 10
    85 years and over 10
    Median age of the population 39.7
    % of the population aged 15 and over 81.3
  • Marital Status
    Total population 15 years and over by marital status 270
    Married or living with a common-law partner 155
    Married (and not separated) 135
    Living common-law 20
    Not married and not living with a common-law partner 115
    Single (never legally married) 75
    Separated 5
    Divorced 15
    Widowed 15
    Family Characteristics
    Total number of census families in private households 95
    Size of census family: 2 persons 30
    Size of census family: 3 persons 30
    Size of census family: 4 persons 20
    Size of census family: 5 or more persons 10
    Total number of census families in private households 95
    Total couple families by family structure and number of children 75
    Married couples 65
    Without children at home 20
    With children at home 45
    1 child 20
    2 children 15
    3 or more children 10
    Common-law couples 10
    Without children at home 5
    With children at home 5
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 20
    Female parent 15
    1 child 5
    2 children 5
    3 or more children 5
    Male parent 0
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 125
    Under six years of age 20
    6 to 14 years 40
    15 to 17 years 20
    18 to 24 years 30
    25 years and over 15
    Average number of children at home per census family 1.3
  • Household And Dwelling Characteristics
    Total number of persons in private households 330
    Number of persons not in census families 35
    Living with relatives 5
    Living with non-relatives only 10
    Living alone 25
    Number of census family persons 295
    Average number of persons per census family 3.3
    Total number of persons 65 years and over in private households 35
    Number of persons not in census families aged 65 years and over 15
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 15
    Number of census family persons aged 65 years and over 20
    Total number of private households by household type 120
    Census-family households 90
    One-family-only households 85
    Couple-family households 70
    Without children 20
    With children 50
    Lone-parent-family households 20
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 0
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 25
    One-person households 25
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 120
    Single-detached house 105
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 15
    Semi-detached house 0
    Row house 0
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 5
    Total number of private households by household size 120
    1 person 20
    2 persons 35
    3 persons 35
    4 persons 20
    5 persons 5
    6 or more persons 5
    Number of persons in private households 330
    Average number of persons in private households 2.8
Census 2011

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