Real Estate Market Report for
Eldon, PE

Updated : Aug 2016
House
  • Median price $295,000
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.68%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Eldon Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Eldon is number 1518 putting it in the top half of the country .

Want a cheaply priced house? Then at $295,000 this month, Eldon, Prince Edward Island is definitely not for you price wise.

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.

From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.

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

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

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Eldon 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.

In Eldon, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
5 bedrooms $242,400
Demographics
  • Population in 2011987
  • Population in 2006999
  • 2006 to 2011 population change (%)-1.2
  • Total private dwellings439
  • Private dwellings occupied by usual residents361
  • Population density per square kilometre10.2
  • Land area (square km)96.44
  • Age Characteristics
    Total population by age groups 985
    0 to 4 years 45
    5 to 9 years 45
    10 to 14 years 45
    15 to 19 years 75
    15 years 20
    16 years 10
    17 years 15
    18 years 20
    19 years 10
    20 to 24 years 55
    25 to 29 years 40
    30 to 34 years 25
    35 to 39 years 50
    40 to 44 years 50
    45 to 49 years 80
    50 to 54 years 90
    55 to 59 years 70
    60 to 64 years 70
    65 to 69 years 55
    70 to 74 years 45
    75 to 79 years 45
    80 to 84 years 30
    85 years and over 55
    Median age of the population 48.5
    % of the population aged 15 and over 86.4
  • Marital Status
    Total population 15 years and over by marital status 850
    Married or living with a common-law partner 495
    Married (and not separated) 445
    Living common-law 50
    Not married and not living with a common-law partner 355
    Single (never legally married) 205
    Separated 10
    Divorced 50
    Widowed 90
    Family Characteristics
    Total number of census families in private households 260
    Size of census family: 2 persons 135
    Size of census family: 3 persons 50
    Size of census family: 4 persons 40
    Size of census family: 5 or more persons 35
    Total number of census families in private households 260
    Total couple families by family structure and number of children 235
    Married couples 210
    Without children at home 100
    With children at home 110
    1 child 40
    2 children 35
    3 or more children 30
    Common-law couples 20
    Without children at home 15
    With children at home 10
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 25
    Female parent 20
    1 child 15
    2 children 5
    3 or more children 0
    Male parent 10
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 275
    Under six years of age 50
    6 to 14 years 85
    15 to 17 years 40
    18 to 24 years 65
    25 years and over 25
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 910
    Number of persons not in census families 145
    Living with relatives 30
    Living with non-relatives only 25
    Living alone 85
    Number of census family persons 765
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 160
    Number of persons not in census families aged 65 years and over 60
    Living with relatives 15
    Living with non-relatives only 0
    Living alone 40
    Number of census family persons aged 65 years and over 105
    Total number of private households by household type 360
    Census-family households 255
    One-family-only households 240
    Couple-family households 220
    Without children 110
    With children 115
    Lone-parent-family households 15
    Other family households 15
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 105
    One-person households 90
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 360
    Single-detached house 295
    Apartment, building that has five or more storeys 0
    Movable dwelling 45
    Other dwelling 25
    Semi-detached house 5
    Row house 5
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 10
    Other single-attached house 0
    Total number of private households by household size 360
    1 person 90
    2 persons 140
    3 persons 50
    4 persons 40
    5 persons 25
    6 or more persons 10
    Number of persons in private households 910
    Average number of persons in private households 2.5
Census 2011

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