Real Estate Market Report for
Montrose, PE

Updated : Aug 2016
House
  • Median price $294,450
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.50%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Montrose Home Price

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With a median listing price of $294,450, Montrose is Canada’s 1540th most expensive when ordered by median listing price.

When our research team crunched the numbers we calculated that Montrose has a median home price of $294,450.

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

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

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 Montrose, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.

Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Montrose 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)
3 bedrooms $89,900
Demographics
  • Population in 2011860
  • Population in 2006899
  • 2006 to 2011 population change (%)-4.3
  • Total private dwellings401
  • Private dwellings occupied by usual residents304
  • Population density per square kilometre9.9
  • Land area (square km)86.81
  • Age Characteristics
    Total population by age groups 860
    0 to 4 years 50
    5 to 9 years 60
    10 to 14 years 70
    15 to 19 years 80
    15 years 10
    16 years 15
    17 years 15
    18 years 15
    19 years 15
    20 to 24 years 35
    25 to 29 years 45
    30 to 34 years 50
    35 to 39 years 55
    40 to 44 years 65
    45 to 49 years 70
    50 to 54 years 65
    55 to 59 years 60
    60 to 64 years 50
    65 to 69 years 25
    70 to 74 years 30
    75 to 79 years 25
    80 to 84 years 10
    85 years and over 5
    Median age of the population 37.9
    % of the population aged 15 and over 78.7
  • Marital Status
    Total population 15 years and over by marital status 675
    Married or living with a common-law partner 455
    Married (and not separated) 420
    Living common-law 40
    Not married and not living with a common-law partner 220
    Single (never legally married) 150
    Separated 20
    Divorced 30
    Widowed 25
    Family Characteristics
    Total number of census families in private households 255
    Size of census family: 2 persons 110
    Size of census family: 3 persons 60
    Size of census family: 4 persons 65
    Size of census family: 5 or more persons 30
    Total number of census families in private households 260
    Total couple families by family structure and number of children 225
    Married couples 210
    Without children at home 80
    With children at home 130
    1 child 45
    2 children 60
    3 or more children 30
    Common-law couples 20
    Without children at home 5
    With children at home 10
    1 child 10
    2 children 0
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 30
    Female parent 25
    1 child 15
    2 children 5
    3 or more children 5
    Male parent 10
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 310
    Under six years of age 60
    6 to 14 years 115
    15 to 17 years 45
    18 to 24 years 60
    25 years and over 25
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 860
    Number of persons not in census families 65
    Living with relatives 15
    Living with non-relatives only 10
    Living alone 45
    Number of census family persons 790
    Average number of persons per census family 3.1
    Total number of persons 65 years and over in private households 100
    Number of persons not in census families aged 65 years and over 25
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 20
    Number of census family persons aged 65 years and over 70
    Total number of private households by household type 305
    Census-family households 255
    One-family-only households 240
    Couple-family households 215
    Without children 80
    With children 135
    Lone-parent-family households 25
    Other family households 15
    One-family households with persons not in a census family 10
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 50
    One-person households 45
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 300
    Single-detached house 280
    Apartment, building that has five or more storeys 0
    Movable dwelling 20
    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 305
    1 person 45
    2 persons 105
    3 persons 55
    4 persons 70
    5 persons 25
    6 or more persons 5
    Number of persons in private households 860
    Average number of persons in private households 2.9
Census 2011

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