Real Estate Market Report for
Springvale, PE

Updated : Aug 2016
House
  • Median price $312,000
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.42%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Springvale Home Price

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The median asking price in Springvale is $312,000, an improvement on the median three months ago which was $297,000 .

Springvale, Prince Edward Island has a median house price of $312,000 when compiling all the home listings in Aug .

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

This month we track 140th neighbourhoods in Prince Edward Island, and Springvale has the 140th most choice available for real estate investors.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Springvale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

Over the last three months in Springvale, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Demographics
  • Population in 20111153
  • Population in 20061163
  • 2006 to 2011 population change (%)-0.9
  • Total private dwellings473
  • Private dwellings occupied by usual residents455
  • Population density per square kilometre32.6
  • Land area (square km)35.32
  • Age Characteristics
    Total population by age groups 1155
    0 to 4 years 60
    5 to 9 years 55
    10 to 14 years 60
    15 to 19 years 95
    15 years 15
    16 years 20
    17 years 25
    18 years 15
    19 years 20
    20 to 24 years 70
    25 to 29 years 90
    30 to 34 years 70
    35 to 39 years 60
    40 to 44 years 95
    45 to 49 years 110
    50 to 54 years 105
    55 to 59 years 75
    60 to 64 years 80
    65 to 69 years 55
    70 to 74 years 35
    75 to 79 years 25
    80 to 84 years 10
    85 years and over 10
    Median age of the population 41
    % of the population aged 15 and over 84.5
  • Marital Status
    Total population 15 years and over by marital status 975
    Married or living with a common-law partner 605
    Married (and not separated) 515
    Living common-law 90
    Not married and not living with a common-law partner 370
    Single (never legally married) 265
    Separated 20
    Divorced 55
    Widowed 25
    Family Characteristics
    Total number of census families in private households 355
    Size of census family: 2 persons 190
    Size of census family: 3 persons 70
    Size of census family: 4 persons 75
    Size of census family: 5 or more persons 20
    Total number of census families in private households 355
    Total couple families by family structure and number of children 300
    Married couples 255
    Without children at home 130
    With children at home 130
    1 child 50
    2 children 60
    3 or more children 20
    Common-law couples 45
    Without children at home 25
    With children at home 20
    1 child 10
    2 children 10
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 55
    Female parent 35
    1 child 25
    2 children 10
    3 or more children 0
    Male parent 20
    1 child 15
    2 children 0
    3 or more children 0
    Total children in census families in private households 340
    Under six years of age 75
    6 to 14 years 105
    15 to 17 years 60
    18 to 24 years 75
    25 years and over 30
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 1135
    Number of persons not in census families 145
    Living with relatives 20
    Living with non-relatives only 35
    Living alone 95
    Number of census family persons 990
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 135
    Number of persons not in census families aged 65 years and over 20
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 15
    Number of census family persons aged 65 years and over 110
    Total number of private households by household type 455
    Census-family households 345
    One-family-only households 320
    Couple-family households 280
    Without children 140
    With children 140
    Lone-parent-family households 40
    Other family households 25
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 10
    Non-census-family households 110
    One-person households 90
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 455
    Single-detached house 325
    Apartment, building that has five or more storeys 0
    Movable dwelling 115
    Other dwelling 15
    Semi-detached house 5
    Row house 0
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 5
    Total number of private households by household size 455
    1 person 90
    2 persons 185
    3 persons 75
    4 persons 80
    5 persons 20
    6 or more persons 5
    Number of persons in private households 1135
    Average number of persons in private households 2.5
Census 2011

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