Real Estate Market Report for
Vernon River, PE

Updated : Aug 2016
House
  • Median price $199,700
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.50%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Vernon River Home Price

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Vernon River was Canada’s 2900th most expensive suburb by listed median house price this month.

In Aug the median listed house price of $199,700 in Vernon River was an above average compared to the rest of Prince Edward Island.

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

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

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.

Will prices rise across the next year in in Vernon River? 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 Vernon River 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 $127,000
Demographics
  • Population in 2011850
  • Population in 2006853
  • 2006 to 2011 population change (%)-0.4
  • Total private dwellings398
  • Private dwellings occupied by usual residents321
  • Population density per square kilometre10.3
  • Land area (square km)82.36
  • Age Characteristics
    Total population by age groups 850
    0 to 4 years 40
    5 to 9 years 45
    10 to 14 years 60
    15 to 19 years 65
    15 years 10
    16 years 15
    17 years 10
    18 years 15
    19 years 15
    20 to 24 years 50
    25 to 29 years 45
    30 to 34 years 50
    35 to 39 years 30
    40 to 44 years 60
    45 to 49 years 75
    50 to 54 years 75
    55 to 59 years 70
    60 to 64 years 60
    65 to 69 years 35
    70 to 74 years 35
    75 to 79 years 20
    80 to 84 years 20
    85 years and over 15
    Median age of the population 42.9
    % of the population aged 15 and over 82.5
  • Marital Status
    Total population 15 years and over by marital status 700
    Married or living with a common-law partner 430
    Married (and not separated) 395
    Living common-law 35
    Not married and not living with a common-law partner 270
    Single (never legally married) 185
    Separated 15
    Divorced 40
    Widowed 40
    Family Characteristics
    Total number of census families in private households 245
    Size of census family: 2 persons 110
    Size of census family: 3 persons 55
    Size of census family: 4 persons 40
    Size of census family: 5 or more persons 40
    Total number of census families in private households 245
    Total couple families by family structure and number of children 210
    Married couples 195
    Without children at home 90
    With children at home 105
    1 child 40
    2 children 30
    3 or more children 40
    Common-law couples 15
    Without children at home 5
    With children at home 10
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 35
    Female parent 25
    1 child 10
    2 children 10
    3 or more children 5
    Male parent 10
    1 child 5
    2 children 5
    3 or more children 0
    Total children in census families in private households 285
    Under six years of age 55
    6 to 14 years 90
    15 to 17 years 40
    18 to 24 years 70
    25 years and over 25
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 845
    Number of persons not in census families 100
    Living with relatives 15
    Living with non-relatives only 20
    Living alone 70
    Number of census family persons 740
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 120
    Number of persons not in census families aged 65 years and over 35
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons aged 65 years and over 85
    Total number of private households by household type 325
    Census-family households 245
    One-family-only households 235
    Couple-family households 200
    Without children 90
    With children 110
    Lone-parent-family households 30
    Other family households 10
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 5
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 75
    One-person households 65
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 320
    Single-detached house 285
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 20
    Semi-detached house 5
    Row house 0
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 0
    Total number of private households by household size 320
    1 person 65
    2 persons 115
    3 persons 60
    4 persons 35
    5 persons 35
    6 or more persons 5
    Number of persons in private households 845
    Average number of persons in private households 2.6
Census 2011

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