Real Estate Market Report for
Emerald, PE

Updated : Aug 2016
House
  • Median price $141,950
  • Monthly growth 45.73 %
  • Quarterly trend
  • Stock on market 1.19%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Emerald Home Price

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Emerald was Canada’s 4092th most expensive suburb by listed median house price this month.

While the median for Prince Edward Island is $179,600 , which means that Emerald’s median price is $141,950 a lot lower than the rest of the province.

Investors looking for properties in Emerald are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

There are 218 neighbourhoods that have more properties on sale than Emerald at the moment in Prince Edward Island which puts the neighbourhood top 40% when looking at the number of properties to choose from.

Is Emerald a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

In Emerald, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Emerald 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 Emerald, 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)
3 bedrooms $97,400
4 bedrooms $204,450
Demographics
  • Population in 2011825
  • Population in 2006847
  • 2006 to 2011 population change (%)-2.6
  • Total private dwellings335
  • Private dwellings occupied by usual residents301
  • Population density per square kilometre9.1
  • Land area (square km)90.83
  • Age Characteristics
    Total population by age groups 825
    0 to 4 years 55
    5 to 9 years 45
    10 to 14 years 65
    15 to 19 years 45
    15 years 10
    16 years 10
    17 years 10
    18 years 10
    19 years 5
    20 to 24 years 55
    25 to 29 years 45
    30 to 34 years 45
    35 to 39 years 65
    40 to 44 years 65
    45 to 49 years 65
    50 to 54 years 65
    55 to 59 years 60
    60 to 64 years 50
    65 to 69 years 45
    70 to 74 years 25
    75 to 79 years 10
    80 to 84 years 15
    85 years and over 5
    Median age of the population 39.4
    % of the population aged 15 and over 80.1
  • Marital Status
    Total population 15 years and over by marital status 660
    Married or living with a common-law partner 475
    Married (and not separated) 425
    Living common-law 50
    Not married and not living with a common-law partner 185
    Single (never legally married) 140
    Separated 5
    Divorced 15
    Widowed 25
    Family Characteristics
    Total number of census families in private households 260
    Size of census family: 2 persons 120
    Size of census family: 3 persons 55
    Size of census family: 4 persons 60
    Size of census family: 5 or more persons 20
    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 90
    With children at home 125
    1 child 45
    2 children 55
    3 or more children 15
    Common-law couples 20
    Without children at home 15
    With children at home 15
    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 20
    1 child 15
    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 265
    Under six years of age 65
    6 to 14 years 100
    15 to 17 years 30
    18 to 24 years 40
    25 years and over 30
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 825
    Number of persons not in census families 60
    Living with relatives 10
    Living with non-relatives only 15
    Living alone 35
    Number of census family persons 765
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 95
    Number of persons not in census families aged 65 years and over 15
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 15
    Number of census family persons aged 65 years and over 80
    Total number of private households by household type 300
    Census-family households 250
    One-family-only households 245
    Couple-family households 225
    Without children 100
    With children 125
    Lone-parent-family households 20
    Other family households 10
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 5
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 45
    One-person households 35
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 300
    Single-detached house 290
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    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 300
    1 person 40
    2 persons 120
    3 persons 55
    4 persons 60
    5 persons 15
    6 or more persons 5
    Number of persons in private households 825
    Average number of persons in private households 2.8
Census 2011

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