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Springfield West, PE

Updated: Aug 2016
House
Median price $99,000
Monthly growth -4.30 %
Quarterly trend
Stock on market 1.22%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Springfield West Home Price

The median asking price in Springfield West is $99,000, quite a drop from the median three months ago which was $107,900 .

While the median for Prince Edward Island is $179,600 , which means that Springfield West’s median price is $99,000 a lot lower than the rest of the province.

According to our stats, Springfield West is the neighbourhood that has the 87th most properties available to real estate investors in Prince Edward Island.

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

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 Springfield West have dried up which would tend to indicate that demand is higher than the supply of new properties.

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

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
2 bedrooms $94,250
Demographics
  • Population in 2011472
  • Population in 2006562
  • 2006 to 2011 population change (%)-16
  • Total private dwellings246
  • Private dwellings occupied by usual residents189
  • Population density per square kilometre6.1
  • Land area (square km)77.09

Age Characteristics

Total population by age groups 470
0 to 4 years 15
5 to 9 years 20
10 to 14 years 30
15 to 19 years 40
15 years 10
16 years 5
17 years 10
18 years 5
19 years 5
20 to 24 years 25
25 to 29 years 20
30 to 34 years 15
35 to 39 years 25
40 to 44 years 30
45 to 49 years 40
50 to 54 years 45
55 to 59 years 40
60 to 64 years 40
65 to 69 years 35
70 to 74 years 25
75 to 79 years 15
80 to 84 years 10
85 years and over 5
Median age of the population 46.3
% of the population aged 15 and over 86.9

Marital Status

Total population 15 years and over by marital status 410
Married or living with a common-law partner 280
Married (and not separated) 265
Living common-law 20
Not married and not living with a common-law partner 125
Single (never legally married) 85
Separated 10
Divorced 10
Widowed 15

Family Characteristics

Total number of census families in private households 145
Size of census family: 2 persons 85
Size of census family: 3 persons 20
Size of census family: 4 persons 25
Size of census family: 5 or more persons 15
Total number of census families in private households 150
Total couple families by family structure and number of children 140
Married couples 130
Without children at home 70
With children at home 60
1 child 20
2 children 25
3 or more children 15
Common-law couples 10
Without children at home 5
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 5
Female parent 5
1 child 5
2 children 0
3 or more children 0
Male parent 5
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 135
Under six years of age 20
6 to 14 years 45
15 to 17 years 25
18 to 24 years 30
25 years and over 10
Average number of children at home per census family 0.9

Household And Dwelling Characteristics

Total number of persons in private households 470
Number of persons not in census families 50
Living with relatives 5
Living with non-relatives only 10
Living alone 35
Number of census family persons 425
Average number of persons per census family 2.8
Total number of persons 65 years and over in private households 85
Number of persons not in census families aged 65 years and over 15
Living with relatives 5
Living with non-relatives only 5
Living alone 15
Number of census family persons aged 65 years and over 70
Total number of private households by household type 190
Census-family households 150
One-family-only households 150
Couple-family households 135
Without children 75
With children 65
Lone-parent-family households 10
Other family households 0
One-family households with persons not in a census family 0
Couple-family households 0
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 0
Non-census-family households 40
One-person households 35
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 185
Single-detached house 185
Apartment, building that has five or more storeys 0
Movable dwelling 10
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 190
1 person 30
2 persons 95
3 persons 20
4 persons 25
5 persons 15
6 or more persons 0
Number of persons in private households 475
Average number of persons in private households 2.5

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