Real Estate Market Report for
Murray River, PE

Updated : Aug 2016
House
  • Median price $102,450
  • Monthly growth 8.01 %
  • Quarterly trend
  • Stock on market 5.24%
Apartment
  • Median price $637,500
  • Monthly growth
  • Quarterly trend
  • Stock on market 1.05%
Murray River Home Price

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Canada’s national median home listing price this month is $290,900, which means that Murray River is in the cheapest 20% for Canada.

When our research team crunched the numbers we calculated that Murray River has a median home price of $102,450.

Prince Edward Island has the fourth least amount of properties available to property investors, with Murray River having 22th most in the province, out of a total of 218.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Across the country as a whole, Murray River is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

With Murray River’s median house price at $637,500 in Aug , it is high priced compared to the rest of Prince Edward Island.

According to our stats, Murray River is the neighbourhood that has the 8th most properties available to real estate investors in Prince Edward Island.

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

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

Beds Median price (House) Median price (Apartment)
3 bedrooms $89,700
Demographics
  • Population in 2011334
  • Population in 2006430
  • 2006 to 2011 population change (%)-22.3
  • Total private dwellings191
  • Private dwellings occupied by usual residents152
  • Population density per square kilometre233.8
  • Land area (square km)1.43
  • Age Characteristics
    Total population by age groups 330
    0 to 4 years 15
    5 to 9 years 15
    10 to 14 years 20
    15 to 19 years 20
    15 years 10
    16 years 0
    17 years 5
    18 years 5
    19 years 0
    20 to 24 years 15
    25 to 29 years 15
    30 to 34 years 15
    35 to 39 years 20
    40 to 44 years 20
    45 to 49 years 35
    50 to 54 years 25
    55 to 59 years 20
    60 to 64 years 25
    65 to 69 years 20
    70 to 74 years 20
    75 to 79 years 15
    80 to 84 years 5
    85 years and over 10
    Median age of the population 47.2
    % of the population aged 15 and over 84.4
  • Marital Status
    Total population 15 years and over by marital status 285
    Married or living with a common-law partner 160
    Married (and not separated) 145
    Living common-law 15
    Not married and not living with a common-law partner 130
    Single (never legally married) 65
    Separated 15
    Divorced 15
    Widowed 30
    Family Characteristics
    Total number of census families in private households 100
    Size of census family: 2 persons 55
    Size of census family: 3 persons 25
    Size of census family: 4 persons 20
    Size of census family: 5 or more persons 5
    Total number of census families in private households 100
    Total couple families by family structure and number of children 80
    Married couples 70
    Without children at home 35
    With children at home 40
    1 child 15
    2 children 15
    3 or more children 5
    Common-law couples 5
    Without children at home 0
    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 25
    Female parent 15
    1 child 15
    2 children 0
    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 90
    Under six years of age 15
    6 to 14 years 35
    15 to 17 years 15
    18 to 24 years 10
    25 years and over 20
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 330
    Number of persons not in census families 60
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 50
    Number of census family persons 275
    Average number of persons per census family 2.7
    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 0
    Living with non-relatives only 0
    Living alone 25
    Number of census family persons aged 65 years and over 50
    Total number of private households by household type 155
    Census-family households 100
    One-family-only households 95
    Couple-family households 75
    Without children 40
    With children 40
    Lone-parent-family households 20
    Other family households 5
    One-family households with persons not in a census family 0
    Couple-family households 0
    Without children 0
    With children 0
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 55
    One-person households 50
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 150
    Single-detached house 135
    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 150
    1 person 50
    2 persons 55
    3 persons 25
    4 persons 15
    5 persons 0
    6 or more persons 0
    Number of persons in private households 330
    Average number of persons in private households 2.2
Census 2011

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