Real Estate Market Report for
Summerville, PE

Updated : Aug 2016
House
  • Median price $114,900
  • Monthly growth
  • Quarterly trend
  • Stock on market 2.38%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Summerville Home Price

Can you afford to buy here? If you like, we can get one of our mortgage experts to tell you exactly how much you can borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

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

The median house price listed in Summerville this month is $114,900.

Prince Edward Island has the fourth least amount of properties available to property investors, with Summerville 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 Summerville for investors, it’s important to look at data like:

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Summerville have dried up which would tend to indicate that demand is higher than the supply of new properties.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Summerville 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 $225,000
Demographics
  • Population in 2011191
  • Population in 2006172
  • 2006 to 2011 population change (%)11
  • Total private dwellings84
  • Private dwellings occupied by usual residents79
  • Population density per square kilometre8
  • Land area (square km)23.81
  • Age Characteristics
    Total population by age groups 190
    0 to 4 years 5
    5 to 9 years 10
    10 to 14 years 10
    15 to 19 years 15
    15 years 5
    16 years 5
    17 years 0
    18 years 5
    19 years 5
    20 to 24 years 10
    25 to 29 years 15
    30 to 34 years 15
    35 to 39 years 20
    40 to 44 years 15
    45 to 49 years 15
    50 to 54 years 15
    55 to 59 years 10
    60 to 64 years 10
    65 to 69 years 5
    70 to 74 years 10
    75 to 79 years 5
    80 to 84 years 0
    85 years and over 0
    Median age of the population 39.2
    % of the population aged 15 and over 82.6
  • Marital Status
    Total population 15 years and over by marital status 165
    Married or living with a common-law partner 105
    Married (and not separated) 85
    Living common-law 15
    Not married and not living with a common-law partner 60
    Single (never legally married) 40
    Separated 5
    Divorced 10
    Widowed 5
    Family Characteristics
    Total number of census families in private households 55
    Size of census family: 2 persons 30
    Size of census family: 3 persons 10
    Size of census family: 4 persons 10
    Size of census family: 5 or more persons 5
    Total number of census families in private households 55
    Total couple families by family structure and number of children 50
    Married couples 40
    Without children at home 20
    With children at home 25
    1 child 10
    2 children 10
    3 or more children 0
    Common-law couples 5
    Without children at home 5
    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 10
    Female parent 5
    1 child 0
    2 children 5
    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 60
    Under six years of age 10
    6 to 14 years 20
    15 to 17 years 10
    18 to 24 years 10
    25 years and over 10
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 195
    Number of persons not in census families 20
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons 170
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 20
    Number of persons not in census families aged 65 years and over 5
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 0
    Number of census family persons aged 65 years and over 15
    Total number of private households by household type 80
    Census-family households 55
    One-family-only households 55
    Couple-family households 50
    Without children 25
    With children 25
    Lone-parent-family households 5
    Other family households 0
    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 20
    One-person households 20
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 75
    Single-detached house 70
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 0
    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 80
    1 person 20
    2 persons 30
    3 persons 10
    4 persons 15
    5 persons 0
    6 or more persons 0
    Number of persons in private households 190
    Average number of persons in private households 2.4
Census 2011

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?