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Cardigan, PE

Updated: Aug 2016
House
Median price $106,000
Monthly growth 6.21 %
Quarterly trend
Stock on market 3.91%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Cardigan Home Price

The median asking price in Cardigan is $106,000, quite a drop from the median three months ago which was $124,950 .

In Aug the median listed house price of $106,000 in Cardigan was relatively low compared to the rest of Prince Edward Island.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

According to our stats, Cardigan is the neighbourhood that has the 52th most properties available to real estate investors in Prince Edward Island.

Can we guarantee how well Cardigan is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Cardigan, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 5.

Can we guarantee how well Cardigan is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

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

Find a mortgage broker in Cardigan, PE
Beds Median price (House) Median price (Apartment)
2 bedrooms $106,000
3 bedrooms $124,850
Demographics
  • Population in 2011332
  • Population in 2006374
  • 2006 to 2011 population change (%)-11.2
  • Total private dwellings128
  • Private dwellings occupied by usual residents120
  • Population density per square kilometre62.9
  • Land area (square km)5.28

Age Characteristics

Total population by age groups 330
0 to 4 years 15
5 to 9 years 25
10 to 14 years 25
15 to 19 years 35
15 years 5
16 years 10
17 years 5
18 years 10
19 years 5
20 to 24 years 25
25 to 29 years 15
30 to 34 years 15
35 to 39 years 15
40 to 44 years 25
45 to 49 years 30
50 to 54 years 30
55 to 59 years 25
60 to 64 years 20
65 to 69 years 10
70 to 74 years 5
75 to 79 years 5
80 to 84 years 10
85 years and over 10
Median age of the population 39.7
% of the population aged 15 and over 81.3

Marital Status

Total population 15 years and over by marital status 270
Married or living with a common-law partner 155
Married (and not separated) 135
Living common-law 20
Not married and not living with a common-law partner 115
Single (never legally married) 75
Separated 5
Divorced 15
Widowed 15

Family Characteristics

Total number of census families in private households 95
Size of census family: 2 persons 30
Size of census family: 3 persons 30
Size of census family: 4 persons 20
Size of census family: 5 or more persons 10
Total number of census families in private households 95
Total couple families by family structure and number of children 75
Married couples 65
Without children at home 20
With children at home 45
1 child 20
2 children 15
3 or more children 10
Common-law couples 10
Without children at home 5
With children at home 5
1 child 5
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 5
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 125
Under six years of age 20
6 to 14 years 40
15 to 17 years 20
18 to 24 years 30
25 years and over 15
Average number of children at home per census family 1.3

Household And Dwelling Characteristics

Total number of persons in private households 330
Number of persons not in census families 35
Living with relatives 5
Living with non-relatives only 10
Living alone 25
Number of census family persons 295
Average number of persons per census family 3.3
Total number of persons 65 years and over in private households 35
Number of persons not in census families aged 65 years and over 15
Living with relatives 0
Living with non-relatives only 5
Living alone 15
Number of census family persons aged 65 years and over 20
Total number of private households by household type 120
Census-family households 90
One-family-only households 85
Couple-family households 70
Without children 20
With children 50
Lone-parent-family households 20
Other family households 5
One-family households with persons not in a census family 5
Couple-family households 5
Without children 0
With children 5
Lone-parent-family households 0
Two-or-more-family households 0
Non-census-family households 25
One-person households 25
Two-or-more-person households 0
Total number of occupied private dwellings by structural type of dwelling 120
Single-detached house 105
Apartment, building that has five or more storeys 0
Movable dwelling 5
Other dwelling 15
Semi-detached house 0
Row house 0
Apartment, duplex 10
Apartment, building that has fewer than five storeys 5
Other single-attached house 5
Total number of private households by household size 120
1 person 20
2 persons 35
3 persons 35
4 persons 20
5 persons 5
6 or more persons 5
Number of persons in private households 330
Average number of persons in private households 2.8

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