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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.

Find a mortgage broker in Summerside, PE
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

Age Characteristics

Total population by age groups 14755
0 to 4 years 775
5 to 9 years 790
10 to 14 years 905
15 to 19 years 955
15 years 205
16 years 190
17 years 200
18 years 170
19 years 185
20 to 24 years 785
25 to 29 years 790
30 to 34 years 770
35 to 39 years 855
40 to 44 years 930
45 to 49 years 1175
50 to 54 years 1150
55 to 59 years 1060
60 to 64 years 1050
65 to 69 years 740
70 to 74 years 645
75 to 79 years 595
80 to 84 years 380
85 years and over 415
Median age of the population 44.1
% of the population aged 15 and over 83.3

Marital Status

Total population 15 years and over by marital status 12285
Married or living with a common-law partner 7000
Married (and not separated) 5850
Living common-law 1145
Not married and not living with a common-law partner 5290
Single (never legally married) 3045
Separated 455
Divorced 830
Widowed 945

Family Characteristics

Total number of census families in private households 4295
Size of census family: 2 persons 2385
Size of census family: 3 persons 910
Size of census family: 4 persons 690
Size of census family: 5 or more persons 310
Total number of census families in private households 4290
Total couple families by family structure and number of children 3440
Married couples 2870
Without children at home 1575
With children at home 1290
1 child 505
2 children 540
3 or more children 250
Common-law couples 570
Without children at home 305
With children at home 265
1 child 150
2 children 75
3 or more children 45
Total lone-parent families by sex of parent and number of children 855
Female parent 710
1 child 415
2 children 220
3 or more children 80
Male parent 140
1 child 90
2 children 40
3 or more children 10
Total children in census families in private households 4150
Under six years of age 925
6 to 14 years 1530
15 to 17 years 575
18 to 24 years 730
25 years and over 390
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 14400
Number of persons not in census families 2515
Living with relatives 205
Living with non-relatives only 465
Living alone 1850
Number of census family persons 11880
Average number of persons per census family 2.8
Total number of persons 65 years and over in private households 2495
Number of persons not in census families aged 65 years and over 890
Living with relatives 60
Living with non-relatives only 50
Living alone 775
Number of census family persons aged 65 years and over 1605
Total number of private households by household type 6270
Census-family households 4215
One-family-only households 3955
Couple-family households 3245
Without children 1780
With children 1470
Lone-parent-family households 710
Other family households 260
One-family households with persons not in a census family 185
Couple-family households 105
Without children 60
With children 55
Lone-parent-family households 80
Two-or-more-family households 70
Non-census-family households 2050
One-person households 1850
Two-or-more-person households 200
Total number of occupied private dwellings by structural type of dwelling 6265
Single-detached house 3425
Apartment, building that has five or more storeys 0
Movable dwelling 445
Other dwelling 2400
Semi-detached house 655
Row house 475
Apartment, duplex 205
Apartment, building that has fewer than five storeys 1055
Other single-attached house 15
Total number of private households by household size 6270
1 person 1850
2 persons 2345
3 persons 955
4 persons 740
5 persons 280
6 or more persons 100
Number of persons in private households 14400
Average number of persons in private households 2.3

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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