Glenwood, PE

Updated: Aug 2016
House
Median price $59,900
Monthly growth 14.31 %
Quarterly trend
Stock on market 0.97%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Glenwood Home Price

Across the country as a whole, Glenwood is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

In Aug the median listed house price of $59,900 in Glenwood was relatively low compared to the rest of Prince Edward Island.

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

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

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Glenwood needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.

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

It’s never an exact art, but to try to forecast how property is going to appreciate in Glenwood 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.

Beds Median price (House) Median price (Apartment)
4 bedrooms $141,950
Demographics
  • Population in 2011596
  • Population in 2006668
  • 2006 to 2011 population change (%)-10.8
  • Total private dwellings310
  • Private dwellings occupied by usual residents236
  • Population density per square kilometre7.1
  • Land area (square km)84.29