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Morell, PE

Updated: Aug 2016
House
Median price $139,900
Monthly growth 68.14 %
Quarterly trend
Stock on market 5.26%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Morell Home Price

When our research team crunched the numbers we calculated that Morell has a median home price of $139,900.

There are 218 neighbourhoods that have more properties on sale than Morell at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

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 Morell 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 Morell there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Find a mortgage broker in Morell, PE
Beds Median price (House) Median price (Apartment)
2 bedrooms $129,250
3 bedrooms $154,450
Demographics
  • Population in 2011313
  • Population in 2006306
  • 2006 to 2011 population change (%)2.3
  • Total private dwellings133
  • Private dwellings occupied by usual residents122
  • Population density per square kilometre224.1
  • Land area (square km)1.4

Age Characteristics

Total population by age groups 315
0 to 4 years 10
5 to 9 years 15
10 to 14 years 25
15 to 19 years 30
15 years 0
16 years 10
17 years 5
18 years 5
19 years 5
20 to 24 years 20
25 to 29 years 15
30 to 34 years 15
35 to 39 years 15
40 to 44 years 15
45 to 49 years 30
50 to 54 years 25
55 to 59 years 25
60 to 64 years 25
65 to 69 years 15
70 to 74 years 5
75 to 79 years 5
80 to 84 years 10
85 years and over 5
Median age of the population 41.1
% of the population aged 15 and over 84.7

Marital Status

Total population 15 years and over by marital status 260
Married or living with a common-law partner 150
Married (and not separated) 125
Living common-law 25
Not married and not living with a common-law partner 110
Single (never legally married) 65
Separated 10
Divorced 20
Widowed 15

Family Characteristics

Total number of census families in private households 85
Size of census family: 2 persons 40
Size of census family: 3 persons 20
Size of census family: 4 persons 25
Size of census family: 5 or more persons 5
Total number of census families in private households 90
Total couple families by family structure and number of children 75
Married couples 65
Without children at home 25
With children at home 35
1 child 10
2 children 20
3 or more children 5
Common-law couples 10
Without children at home 10
With children at home 5
1 child 0
2 children 0
3 or more children 0
Total lone-parent families by sex of parent and number of children 15
Female parent 10
1 child 10
2 children 10
3 or more children 5
Male parent 0
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 110
Under six years of age 20
6 to 14 years 35
15 to 17 years 15
18 to 24 years 30
25 years and over 10
Average number of children at home per census family 1.2

Household And Dwelling Characteristics

Total number of persons in private households 315
Number of persons not in census families 40
Living with relatives 5
Living with non-relatives only 5
Living alone 35
Number of census family persons 270
Average number of persons per census family 3
Total number of persons 65 years and over in private households 35
Number of persons not in census families aged 65 years and over 15
Living with relatives 5
Living with non-relatives only 0
Living alone 5
Number of census family persons aged 65 years and over 25
Total number of private households by household type 120
Census-family households 85
One-family-only households 80
Couple-family households 70
Without children 30
With children 40
Lone-parent-family households 15
Other family households 5
One-family households with persons not in a census family 5
Couple-family households 5
Without children 0
With children 5
Lone-parent-family households 0
Two-or-more-family households 5
Non-census-family households 35
One-person households 30
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 120
Single-detached house 110
Apartment, building that has five or more storeys 0
Movable dwelling 5
Other dwelling 10
Semi-detached house 0
Row house 5
Apartment, duplex 5
Apartment, building that has fewer than five storeys 5
Other single-attached house 0
Total number of private households by household size 120
1 person 35
2 persons 40
3 persons 20
4 persons 20
5 persons 5
6 or more persons 0
Number of persons in private households 310
Average number of persons in private households 2.5

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