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