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Mermaid, PE

Updated: Aug 2016
House
Median price $224,925
Monthly growth 80.66 %
Quarterly trend
Stock on market 1.06%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Mermaid Home Price

With Mermaid’s median house price at $224,925 in Aug , it is above average compared to the rest of Prince Edward Island.

If you’re looking at investment properties in Mermaid, then you’re most likely to find homes with 4 bedrooms on sale this month.

Prince Edward Island has the fourth least amount of properties available to property investors, with Mermaid having 28th most in the province, out of a total of 218.

Can we guarantee how well Mermaid 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.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mermaid there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

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

Beds Median price (House) Median price (Apartment)
4 bedrooms $399,900
Demographics
  • Population in 20111911
  • Population in 20061791
  • 2006 to 2011 population change (%)6.7
  • Total private dwellings752
  • Private dwellings occupied by usual residents706
  • Population density per square kilometre26.5
  • Land area (square km)71.99

Age Characteristics

Total population by age groups 1910
0 to 4 years 145
5 to 9 years 120
10 to 14 years 120
15 to 19 years 120
15 years 20
16 years 35
17 years 25
18 years 15
19 years 25
20 to 24 years 95
25 to 29 years 105
30 to 34 years 140
35 to 39 years 140
40 to 44 years 160
45 to 49 years 165
50 to 54 years 160
55 to 59 years 110
60 to 64 years 145
65 to 69 years 70
70 to 74 years 45
75 to 79 years 35
80 to 84 years 20
85 years and over 10
Median age of the population 38.8
% of the population aged 15 and over 79.9

Marital Status

Total population 15 years and over by marital status 1530
Married or living with a common-law partner 1010
Married (and not separated) 900
Living common-law 110
Not married and not living with a common-law partner 515
Single (never legally married) 365
Separated 35
Divorced 55
Widowed 55

Family Characteristics

Total number of census families in private households 590
Size of census family: 2 persons 280
Size of census family: 3 persons 140
Size of census family: 4 persons 110
Size of census family: 5 or more persons 60
Total number of census families in private households 590
Total couple families by family structure and number of children 505
Married couples 445
Without children at home 195
With children at home 250
1 child 100
2 children 95
3 or more children 60
Common-law couples 55
Without children at home 30
With children at home 25
1 child 15
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 90
Female parent 65
1 child 40
2 children 15
3 or more children 10
Male parent 25
1 child 20
2 children 5
3 or more children 0
Total children in census families in private households 635
Under six years of age 170
6 to 14 years 215
15 to 17 years 80
18 to 24 years 115
25 years and over 70
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 1910
Number of persons not in census families 180
Living with relatives 30
Living with non-relatives only 45
Living alone 105
Number of census family persons 1730
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 180
Number of persons not in census families aged 65 years and over 45
Living with relatives 15
Living with non-relatives only 5
Living alone 30
Number of census family persons aged 65 years and over 140
Total number of private households by household type 705
Census-family households 580
One-family-only households 540
Couple-family households 470
Without children 215
With children 260
Lone-parent-family households 70
Other family households 40
One-family households with persons not in a census family 30
Couple-family households 20
Without children 10
With children 10
Lone-parent-family households 10
Two-or-more-family households 10
Non-census-family households 125
One-person households 105
Two-or-more-person households 20
Total number of occupied private dwellings by structural type of dwelling 705
Single-detached house 635
Apartment, building that has five or more storeys 0
Movable dwelling 40
Other dwelling 35
Semi-detached house 5
Row house 20
Apartment, duplex 5
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 705
1 person 105
2 persons 275
3 persons 140
4 persons 110
5 persons 65
6 or more persons 10
Number of persons in private households 1910
Average number of persons in private households 2.7

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