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Cherry Valley, PE

Updated: Nov 2015
House
Median price $141,200
Monthly growth -1.73 %
Quarterly trend
Stock on market 0.50%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Cherry Valley Home Price

With a median listing price of $141,200, Cherry Valley is Canada’s 3592th most expensive when ordered by median listing price.

The $141,200 price tag on the median Cherry Valley home means that it is below the national norm.

There are 214 neighbourhoods that have more properties on sale than Cherry Valley at the moment in Prince Edward Island which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

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

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

When we look at the data we have, it can help with trying to establish whether or not Cherry Valley is a good investment target.

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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $141,200
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

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