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Georgetown, PE

Updated: Aug 2016
House
Median price $132,450
Monthly growth 33.78 %
Quarterly trend
Stock on market 3.51%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Georgetown Home Price

Canada’s national median home listing price this month is $290,900, which means that Georgetown is in the cheapest 20% for Canada.

The $132,450 price tag on the median Georgetown home means that it is very cheap in comparison to the rest of the nation.

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.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Georgetown has a huge choice compared to the rest of the province

Is Georgetown a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

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 Georgetown, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 11, this month we show 10.

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

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.

Find a mortgage broker in Georgetown, PE
Beds Median price (House) Median price (Apartment)
2 bedrooms $125,000
3 bedrooms $99,000
4 bedrooms $217,450
Demographics
  • Population in 2011675
  • Population in 2006634
  • 2006 to 2011 population change (%)6.5
  • Total private dwellings285
  • Private dwellings occupied by usual residents228
  • Population density per square kilometre409.6
  • Land area (square km)1.65

Age Characteristics

Total population by age groups 675
0 to 4 years 20
5 to 9 years 30
10 to 14 years 60
15 to 19 years 45
15 years 10
16 years 5
17 years 10
18 years 5
19 years 10
20 to 24 years 30
25 to 29 years 35
30 to 34 years 55
35 to 39 years 55
40 to 44 years 75
45 to 49 years 55
50 to 54 years 60
55 to 59 years 40
60 to 64 years 50
65 to 69 years 25
70 to 74 years 15
75 to 79 years 10
80 to 84 years 10
85 years and over 5
Median age of the population 41.1
% of the population aged 15 and over 84.1

Marital Status

Total population 15 years and over by marital status 570
Married or living with a common-law partner 350
Married (and not separated) 300
Living common-law 55
Not married and not living with a common-law partner 215
Single (never legally married) 125
Separated 20
Divorced 40
Widowed 25

Family Characteristics

Total number of census families in private households 170
Size of census family: 2 persons 80
Size of census family: 3 persons 40
Size of census family: 4 persons 30
Size of census family: 5 or more persons 15
Total number of census families in private households 170
Total couple families by family structure and number of children 135
Married couples 105
Without children at home 45
With children at home 60
1 child 25
2 children 20
3 or more children 10
Common-law couples 25
Without children at home 10
With children at home 15
1 child 10
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 30
Female parent 20
1 child 10
2 children 5
3 or more children 5
Male parent 10
1 child 5
2 children 0
3 or more children 0
Total children in census families in private households 190
Under six years of age 25
6 to 14 years 80
15 to 17 years 30
18 to 24 years 35
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 585
Number of persons not in census families 95
Living with relatives 25
Living with non-relatives only 20
Living alone 50
Number of census family persons 490
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 75
Number of persons not in census families aged 65 years and over 40
Living with relatives 10
Living with non-relatives only 0
Living alone 25
Number of census family persons aged 65 years and over 35
Total number of private households by household type 225
Census-family households 170
One-family-only households 155
Couple-family households 125
Without children 50
With children 70
Lone-parent-family households 30
Other family households 15
One-family households with persons not in a census family 15
Couple-family households 10
Without children 5
With children 5
Lone-parent-family households 5
Two-or-more-family households 0
Non-census-family households 60
One-person households 50
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 225
Single-detached house 190
Apartment, building that has five or more storeys 0
Movable dwelling 5
Other dwelling 35
Semi-detached house 10
Row house 10
Apartment, duplex 0
Apartment, building that has fewer than five storeys 15
Other single-attached house 0
Total number of private households by household size 225
1 person 50
2 persons 80
3 persons 45
4 persons 35
5 persons 15
6 or more persons 5
Number of persons in private households 585
Average number of persons in private households 2.5

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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