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Summerside, PE

Updated: Aug 2016
House
Median price $169,900
Monthly growth 42.77 %
Quarterly trend
Stock on market 2.40%
Apartment
Median price $149,900
Monthly growth 82.36 %
Quarterly trend
Stock on market 0.38%

Summerside Home Price

Summerside was Canada’s 3482th most expensive suburb by listed median house price this month.

The $169,900 price tag on the median Summerside home means that it is below the national norm.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

This month we track 1st neighbourhoods in Prince Edward Island, and Summerside has the 1st most choice available for real estate investors.

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

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.

Summerside was Canada’s 848th most expensive suburb by listed median house price this month.

When our research team crunched the numbers we calculated that Summerside has a median home price of $149,900.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

This month we track 2nd neighbourhoods in Prince Edward Island, and Summerside has the 2nd most choice available for real estate investors.

Is Summerside a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Summerside there is more stock than three months ago. This would indicate pressure on prices easing.

Beds Median price (House) Median price (Apartment)
1 bedroom $47,450
2 bedrooms $142,400 $117,400
3 bedrooms $159,900
4 bedrooms $173,000 $114,700
5 bedrooms $199,000
6 bedrooms $289,900
Demographics
  • Population in 201114751
  • Population in 200614500
  • 2006 to 2011 population change (%)1.7
  • Total private dwellings6620
  • Private dwellings occupied by usual residents6269
  • Population density per square kilometre520.1
  • Land area (square km)28.36