Real Estate Market Report for
Wellington, PE

Updated : Aug 2016
House
  • Median price $62,400
  • Monthly growth -46.16 %
  • Quarterly trend
  • Stock on market 2.26%
Apartment
  • Median price $107,400
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 1.13%
Wellington Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Wellington is number 5082 putting it behind most of Canada .

Wellington, Prince Edward Island has a median house price of $62,400 when compiling all the home listings in Aug .

Wellington’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.

From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.

It’s never an exact art, but to try to forecast how property is going to appreciate in Wellington for investors, it’s important to look at data like:

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.

Canada’s national median home listing price this month is $244,900, which means that Wellington is in the cheapest 20% for Canada.

The $107,400 price tag on the median Wellington home means that it is very cheap in comparison to the rest of the nation.

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.

This month we track 8th neighbourhoods in Prince Edward Island, and Wellington has the 8th most choice available for real estate investors.

Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
4 bedrooms $76,700
Demographics
  • Population in 2011409
  • Population in 2006401
  • 2006 to 2011 population change (%)2
  • Total private dwellings177
  • Private dwellings occupied by usual residents169
  • Population density per square kilometre227
  • Land area (square km)1.8
  • Age Characteristics
    Total population by age groups 410
    0 to 4 years 20
    5 to 9 years 15
    10 to 14 years 20
    15 to 19 years 15
    15 years 5
    16 years 0
    17 years 5
    18 years 0
    19 years 5
    20 to 24 years 20
    25 to 29 years 20
    30 to 34 years 20
    35 to 39 years 20
    40 to 44 years 25
    45 to 49 years 15
    50 to 54 years 30
    55 to 59 years 35
    60 to 64 years 40
    65 to 69 years 20
    70 to 74 years 20
    75 to 79 years 25
    80 to 84 years 25
    85 years and over 30
    Median age of the population 52.9
    % of the population aged 15 and over 85.5
  • Marital Status
    Total population 15 years and over by marital status 355
    Married or living with a common-law partner 200
    Married (and not separated) 180
    Living common-law 20
    Not married and not living with a common-law partner 155
    Single (never legally married) 80
    Separated 10
    Divorced 15
    Widowed 45
    Family Characteristics
    Total number of census families in private households 115
    Size of census family: 2 persons 70
    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 115
    Total couple families by family structure and number of children 100
    Married couples 90
    Without children at home 50
    With children at home 35
    1 child 20
    2 children 15
    3 or more children 5
    Common-law couples 10
    Without children at home 5
    With children at home 10
    1 child 0
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 20
    Female parent 15
    1 child 10
    2 children 5
    3 or more children 0
    Male parent 5
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 100
    Under six years of age 25
    6 to 14 years 30
    15 to 17 years 10
    18 to 24 years 20
    25 years and over 15
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 375
    Number of persons not in census families 60
    Living with relatives 5
    Living with non-relatives only 10
    Living alone 50
    Number of census family persons 315
    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 25
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons aged 65 years and over 55
    Total number of private households by household type 165
    Census-family households 115
    One-family-only households 115
    Couple-family households 90
    Without children 50
    With children 40
    Lone-parent-family households 15
    Other family households 5
    One-family households with persons not in a census family 0
    Couple-family households 0
    Without children 5
    With children 0
    Lone-parent-family households 0
    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 170
    Single-detached house 115
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 50
    Semi-detached house 10
    Row house 35
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 0
    Total number of private households by household size 165
    1 person 50
    2 persons 65
    3 persons 30
    4 persons 20
    5 persons 5
    6 or more persons 0
    Number of persons in private households 375
    Average number of persons in private households 2.2
Census 2011

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