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Savage Harbour, PE

Updated: Aug 2016
House
Median price $85,000
Monthly growth 20.56 %
Quarterly trend
Stock on market 3.71%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Savage Harbour Home Price

Canada’s national median home listing price this month is $290,900, which means that Savage Harbour is in the cheapest 20% for Canada.

The median house price listed in Savage Harbour this month is $85,000.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.

This month we track 14th neighbourhoods in Prince Edward Island, and Savage Harbour has the 14th most choice available for real estate investors.

Can we guarantee how well Savage Harbour 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 decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

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

Over the last three months in Savage Harbour, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
2 bedrooms $72,000
3 bedrooms $142,200
Demographics
  • Population in 2011521
  • Population in 2006500
  • 2006 to 2011 population change (%)4.2
  • Total private dwellings350
  • Private dwellings occupied by usual residents198
  • Population density per square kilometre6.5
  • Land area (square km)80.75

Age Characteristics

Total population by age groups 520
0 to 4 years 35
5 to 9 years 30
10 to 14 years 30
15 to 19 years 40
15 years 10
16 years 10
17 years 10
18 years 10
19 years 5
20 to 24 years 20
25 to 29 years 25
30 to 34 years 35
35 to 39 years 25
40 to 44 years 25
45 to 49 years 50
50 to 54 years 45
55 to 59 years 50
60 to 64 years 30
65 to 69 years 30
70 to 74 years 15
75 to 79 years 20
80 to 84 years 10
85 years and over 5
Median age of the population 44.1
% of the population aged 15 and over 81.6

Marital Status

Total population 15 years and over by marital status 425
Married or living with a common-law partner 275
Married (and not separated) 245
Living common-law 30
Not married and not living with a common-law partner 150
Single (never legally married) 105
Separated 10
Divorced 15
Widowed 20

Family Characteristics

Total number of census families in private households 150
Size of census family: 2 persons 75
Size of census family: 3 persons 20
Size of census family: 4 persons 35
Size of census family: 5 or more persons 20
Total number of census families in private households 155
Total couple families by family structure and number of children 135
Married couples 125
Without children at home 60
With children at home 65
1 child 15
2 children 30
3 or more children 20
Common-law couples 15
Without children at home 5
With children at home 5
1 child 0
2 children 0
3 or more children 5
Total lone-parent families by sex of parent and number of children 15
Female parent 10
1 child 5
2 children 5
3 or more children 5
Male parent 5
1 child 5
2 children 0
3 or more children 0
Total children in census families in private households 175
Under six years of age 45
6 to 14 years 55
15 to 17 years 30
18 to 24 years 35
25 years and over 15
Average number of children at home per census family 1.2

Household And Dwelling Characteristics

Total number of persons in private households 525
Number of persons not in census families 60
Living with relatives 10
Living with non-relatives only 10
Living alone 45
Number of census family persons 460
Average number of persons per census family 3
Total number of persons 65 years and over in private households 70
Number of persons not in census families aged 65 years and over 20
Living with relatives 5
Living with non-relatives only 0
Living alone 15
Number of census family persons aged 65 years and over 50
Total number of private households by household type 195
Census-family households 150
One-family-only households 145
Couple-family households 135
Without children 60
With children 70
Lone-parent-family households 10
Other family households 5
One-family households with persons not in a census family 5
Couple-family households 5
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 0
Non-census-family households 45
One-person households 45
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 200
Single-detached house 185
Apartment, building that has five or more storeys 0
Movable dwelling 20
Other dwelling 0
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 200
1 person 40
2 persons 80
3 persons 25
4 persons 35
5 persons 20
6 or more persons 5
Number of persons in private households 520
Average number of persons in private households 2.6

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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