Real Estate Market Report for
Freeland, PE

Updated : Aug 2016
House
  • Median price $112,500
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.89%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Freeland Home Price

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The median asking price in Freeland is $112,500, quite a drop from the median three months ago which was $97,250 .

In Aug the median listed house price of $112,500 in Freeland was relatively low compared to the rest of Prince Edward Island.

Prince Edward Island has the fourth least amount of properties available to property investors, with Freeland having 140th most in the province, out of a total of 218.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Freeland there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

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

Beds Median price (House) Median price (Apartment)
4 bedrooms $119,500
Demographics
  • Population in 2011499
  • Population in 2006523
  • 2006 to 2011 population change (%)-4.6
  • Total private dwellings224
  • Private dwellings occupied by usual residents202
  • Population density per square kilometre5.6
  • Land area (square km)89.4
  • Age Characteristics
    Total population by age groups 495
    0 to 4 years 25
    5 to 9 years 20
    10 to 14 years 35
    15 to 19 years 35
    15 years 5
    16 years 5
    17 years 10
    18 years 10
    19 years 10
    20 to 24 years 35
    25 to 29 years 30
    30 to 34 years 30
    35 to 39 years 30
    40 to 44 years 30
    45 to 49 years 40
    50 to 54 years 45
    55 to 59 years 40
    60 to 64 years 30
    65 to 69 years 30
    70 to 74 years 25
    75 to 79 years 15
    80 to 84 years 5
    85 years and over 5
    Median age of the population 42.1
    % of the population aged 15 and over 83.6
  • Marital Status
    Total population 15 years and over by marital status 420
    Married or living with a common-law partner 260
    Married (and not separated) 230
    Living common-law 25
    Not married and not living with a common-law partner 160
    Single (never legally married) 95
    Separated 20
    Divorced 20
    Widowed 25
    Family Characteristics
    Total number of census families in private households 145
    Size of census family: 2 persons 75
    Size of census family: 3 persons 30
    Size of census family: 4 persons 25
    Size of census family: 5 or more persons 15
    Total number of census families in private households 145
    Total couple families by family structure and number of children 130
    Married couples 115
    Without children at home 60
    With children at home 55
    1 child 20
    2 children 20
    3 or more children 10
    Common-law couples 15
    Without children at home 0
    With children at home 10
    1 child 0
    2 children 0
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 15
    Female parent 15
    1 child 10
    2 children 5
    3 or more children 0
    Male parent 5
    1 child 0
    2 children 5
    3 or more children 0
    Total children in census families in private households 150
    Under six years of age 25
    6 to 14 years 55
    15 to 17 years 15
    18 to 24 years 35
    25 years and over 15
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 500
    Number of persons not in census families 75
    Living with relatives 20
    Living with non-relatives only 10
    Living alone 45
    Number of census family persons 425
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 80
    Number of persons not in census families aged 65 years and over 30
    Living with relatives 10
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons aged 65 years and over 45
    Total number of private households by household type 200
    Census-family households 150
    One-family-only households 135
    Couple-family households 120
    Without children 60
    With children 60
    Lone-parent-family households 20
    Other family households 5
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 55
    One-person households 45
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 200
    Single-detached house 190
    Apartment, building that has five or more storeys 0
    Movable dwelling 10
    Other dwelling 5
    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 205
    1 person 45
    2 persons 80
    3 persons 35
    4 persons 30
    5 persons 10
    6 or more persons 5
    Number of persons in private households 500
    Average number of persons in private households 2.5
Census 2011

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