Real Estate Market Report for
Morell, PE

Updated : Aug 2016
House
  • Median price $139,900
  • Monthly growth 68.14 %
  • Quarterly trend
  • Stock on market 5.26%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Morell Home Price

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When our research team crunched the numbers we calculated that Morell has a median home price of $139,900.

There are 218 neighbourhoods that have more properties on sale than Morell at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

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.

It’s never an exact art, but to try to forecast how property is going to appreciate in Morell 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 Morell 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 $129,250
3 bedrooms $154,450
Demographics
  • Population in 2011313
  • Population in 2006306
  • 2006 to 2011 population change (%)2.3
  • Total private dwellings133
  • Private dwellings occupied by usual residents122
  • Population density per square kilometre224.1
  • Land area (square km)1.4
  • Age Characteristics
    Total population by age groups 315
    0 to 4 years 10
    5 to 9 years 15
    10 to 14 years 25
    15 to 19 years 30
    15 years 0
    16 years 10
    17 years 5
    18 years 5
    19 years 5
    20 to 24 years 20
    25 to 29 years 15
    30 to 34 years 15
    35 to 39 years 15
    40 to 44 years 15
    45 to 49 years 30
    50 to 54 years 25
    55 to 59 years 25
    60 to 64 years 25
    65 to 69 years 15
    70 to 74 years 5
    75 to 79 years 5
    80 to 84 years 10
    85 years and over 5
    Median age of the population 41.1
    % of the population aged 15 and over 84.7
  • Marital Status
    Total population 15 years and over by marital status 260
    Married or living with a common-law partner 150
    Married (and not separated) 125
    Living common-law 25
    Not married and not living with a common-law partner 110
    Single (never legally married) 65
    Separated 10
    Divorced 20
    Widowed 15
    Family Characteristics
    Total number of census families in private households 85
    Size of census family: 2 persons 40
    Size of census family: 3 persons 20
    Size of census family: 4 persons 25
    Size of census family: 5 or more persons 5
    Total number of census families in private households 90
    Total couple families by family structure and number of children 75
    Married couples 65
    Without children at home 25
    With children at home 35
    1 child 10
    2 children 20
    3 or more children 5
    Common-law couples 10
    Without children at home 10
    With children at home 5
    1 child 0
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 15
    Female parent 10
    1 child 10
    2 children 10
    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 110
    Under six years of age 20
    6 to 14 years 35
    15 to 17 years 15
    18 to 24 years 30
    25 years and over 10
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 315
    Number of persons not in census families 40
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 35
    Number of census family persons 270
    Average number of persons per census family 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 5
    Living with non-relatives only 0
    Living alone 5
    Number of census family persons aged 65 years and over 25
    Total number of private households by household type 120
    Census-family households 85
    One-family-only households 80
    Couple-family households 70
    Without children 30
    With children 40
    Lone-parent-family households 15
    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 5
    Non-census-family households 35
    One-person households 30
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 120
    Single-detached house 110
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 10
    Semi-detached house 0
    Row house 5
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 0
    Total number of private households by household size 120
    1 person 35
    2 persons 40
    3 persons 20
    4 persons 20
    5 persons 5
    6 or more persons 0
    Number of persons in private households 310
    Average number of persons in private households 2.5
Census 2011

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