Mount Vernon, PE

Updated: Sep 2014
House
Median price $124,250
Monthly growth
Quarterly trend
Stock on market 0.65%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Mount Vernon Home Price

Mount Vernon, Prince Edward Island has a median house price of $124,250 when compiling all the home listings in Sep .

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

From our data, it appears that neighbourhood is number 4555th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Mount Vernon 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.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mount Vernon there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

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 Mount Vernon for investors, it’s important to look at data like:

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Mount Vernon have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
3 bedrooms $124,250
Demographics
  • Population in 2011470
  • Population in 2006540
  • 2006 to 2011 population change (%)-13
  • Total private dwellings308
  • Private dwellings occupied by usual residents197
  • Population density per square kilometre5.8
  • Land area (square km)80.42