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Lot 16, PE

Updated: Aug 2016
House
Median price $209,900
Monthly growth
Quarterly trend
Stock on market 0.59%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Lot 16 Home Price

When looking across the province, Lot 16 is the 86th most expensive in Prince Edward Island.

When our research team crunched the numbers we calculated that Lot 16 has a median home price of $209,900.

There are 218 neighbourhoods that have more properties on sale than Lot 16 at the moment in Prince Edward Island which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

Will prices rise across the next year in in Lot 16? There are a number of real estate indicators to consider.

In Lot 16, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

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.

Can we guarantee how well Lot 16 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.

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.

Beds Median price (House) Median price (Apartment)
4 bedrooms $121,200
Demographics
  • Population in 2011733
  • Population in 2006702
  • 2006 to 2011 population change (%)4.4
  • Total private dwellings341
  • Private dwellings occupied by usual residents269
  • Population density per square kilometre9.3
  • Land area (square km)78.93