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Vernon River, PE

Updated: Aug 2016
House
Median price $199,700
Monthly growth
Quarterly trend
Stock on market 0.50%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Vernon River Home Price

Vernon River was Canada’s 2900th most expensive suburb by listed median house price this month.

In Aug the median listed house price of $199,700 in Vernon River was an above average compared to the rest of Prince Edward Island.

This month we track 140th neighbourhoods in Prince Edward Island, and Vernon River has the 140th most choice available for real estate investors.

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

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Vernon River there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
2 bedrooms $127,000
Demographics
  • Population in 2011850
  • Population in 2006853
  • 2006 to 2011 population change (%)-0.4
  • Total private dwellings398
  • Private dwellings occupied by usual residents321
  • Population density per square kilometre10.3
  • Land area (square km)82.36