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Souris, PE

Updated: Aug 2016
House
Median price $79,900
Monthly growth 0.50 %
Quarterly trend
Stock on market 2.00%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Souris Home Price

When looking across the province, Souris is the 201th most expensive in Prince Edward Island.

While the median for Prince Edward Island is $179,600 , which means that Souris’s median price is $79,900 a lot lower than the rest of the province.

If you’re looking at investment properties in Souris, then you’re most likely to find homes with 3 bedrooms on sale this month.

There are 218 neighbourhoods that have more properties on sale than Souris 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.

When we look at the data we have, it can help with trying to establish whether or not Souris is a good investment target.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Souris, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 11, this month we show 11.

Can we guarantee how well Souris 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.

If you are looking at investment properties in Souris, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Find a mortgage broker in Souris, PE
Beds Median price (House) Median price (Apartment)
2 bedrooms $101,200
3 bedrooms $94,900
5 bedrooms $155,750
Demographics
  • Land area (square km)3.42
  • Population in 20111173
  • Population in 20061232
  • 2006 to 2011 population change (%)-4.8
  • Total private dwellings550
  • Private dwellings occupied by usual residents484
  • Population density per square kilometre342.8

Age Characteristics

Total population by age groups 1170
0 to 4 years 65
5 to 9 years 55
10 to 14 years 70
15 to 19 years 75
15 years 20
16 years 20
17 years 15
18 years 10
19 years 5
20 to 24 years 65
25 to 29 years 45
30 to 34 years 55
35 to 39 years 55
40 to 44 years 70
45 to 49 years 80
50 to 54 years 95
55 to 59 years 85
60 to 64 years 85
65 to 69 years 70
70 to 74 years 55
75 to 79 years 45
80 to 84 years 45
85 years and over 60
Median age of the population 47
% of the population aged 15 and over 83.6

Marital Status

Total population 15 years and over by marital status 980
Married or living with a common-law partner 455
Married (and not separated) 385
Living common-law 75
Not married and not living with a common-law partner 525
Single (never legally married) 290
Separated 50
Divorced 60
Widowed 125

Family Characteristics

Total number of census families in private households 305
Size of census family: 2 persons 165
Size of census family: 3 persons 70
Size of census family: 4 persons 45
Size of census family: 5 or more persons 25
Total number of census families in private households 305
Total couple families by family structure and number of children 215
Married couples 180
Without children at home 95
With children at home 85
1 child 35
2 children 30
3 or more children 20
Common-law couples 35
Without children at home 20
With children at home 15
1 child 10
2 children 10
3 or more children 0
Total lone-parent families by sex of parent and number of children 90
Female parent 75
1 child 40
2 children 20
3 or more children 15
Male parent 15
1 child 15
2 children 5
3 or more children 0
Total children in census families in private households 340
Under six years of age 80
6 to 14 years 115
15 to 17 years 50
18 to 24 years 65
25 years and over 30
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 1085
Number of persons not in census families 220
Living with relatives 25
Living with non-relatives only 30
Living alone 165
Number of census family persons 865
Average number of persons per census family 2.8
Total number of persons 65 years and over in private households 210
Number of persons not in census families aged 65 years and over 95
Living with relatives 5
Living with non-relatives only 5
Living alone 80
Number of census family persons aged 65 years and over 110
Total number of private households by household type 480
Census-family households 300
One-family-only households 275
Couple-family households 200
Without children 105
With children 95
Lone-parent-family households 75
Other family households 25
One-family households with persons not in a census family 15
Couple-family households 10
Without children 5
With children 5
Lone-parent-family households 10
Two-or-more-family households 5
Non-census-family households 185
One-person households 170
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 485
Single-detached house 295
Apartment, building that has five or more storeys 0
Movable dwelling 30
Other dwelling 155
Semi-detached house 45
Row house 55
Apartment, duplex 5
Apartment, building that has fewer than five storeys 55
Other single-attached house 5
Total number of private households by household size 485
1 person 170
2 persons 170
3 persons 60
4 persons 55
5 persons 15
6 or more persons 15
Number of persons in private households 1085
Average number of persons in private households 2.2

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