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West Covehead, PE

Updated: Aug 2016
House
Median price $275,900
Monthly growth 109.09 %
Quarterly trend
Stock on market 0.99%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

West Covehead Home Price

The $275,900 price tag on the median West Covehead home means that it is above the cost of most houses in the country.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

According to our stats, West Covehead is the neighbourhood that has the 14th most properties available to real estate investors in Prince Edward Island.

Can we guarantee how well West Covehead 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.

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

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

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

Beds Median price (House) Median price (Apartment)
2 bedrooms $237,900
3 bedrooms $299,000
4 bedrooms $249,500
Demographics
  • Population in 20112577
  • Population in 20062355
  • 2006 to 2011 population change (%)9.4
  • Total private dwellings1319
  • Private dwellings occupied by usual residents977
  • Population density per square kilometre28
  • Land area (square km)92.12

Age Characteristics

Total population by age groups 2580
0 to 4 years 170
5 to 9 years 120
10 to 14 years 135
15 to 19 years 200
15 years 30
16 years 35
17 years 40
18 years 45
19 years 50
20 to 24 years 150
25 to 29 years 130
30 to 34 years 150
35 to 39 years 175
40 to 44 years 185
45 to 49 years 225
50 to 54 years 220
55 to 59 years 205
60 to 64 years 180
65 to 69 years 110
70 to 74 years 100
75 to 79 years 60
80 to 84 years 30
85 years and over 15
Median age of the population 41.5
% of the population aged 15 and over 83.4

Marital Status

Total population 15 years and over by marital status 2155
Married or living with a common-law partner 1460
Married (and not separated) 1290
Living common-law 170
Not married and not living with a common-law partner 695
Single (never legally married) 505
Separated 45
Divorced 75
Widowed 65

Family Characteristics

Total number of census families in private households 810
Size of census family: 2 persons 395
Size of census family: 3 persons 175
Size of census family: 4 persons 175
Size of census family: 5 or more persons 65
Total number of census families in private households 810
Total couple families by family structure and number of children 720
Married couples 635
Without children at home 285
With children at home 350
1 child 140
2 children 150
3 or more children 60
Common-law couples 85
Without children at home 50
With children at home 35
1 child 15
2 children 15
3 or more children 0
Total lone-parent families by sex of parent and number of children 85
Female parent 65
1 child 35
2 children 20
3 or more children 10
Male parent 25
1 child 20
2 children 0
3 or more children 0
Total children in census families in private households 815
Under six years of age 200
6 to 14 years 225
15 to 17 years 110
18 to 24 years 205
25 years and over 80
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 2575
Number of persons not in census families 230
Living with relatives 25
Living with non-relatives only 35
Living alone 170
Number of census family persons 2345
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 320
Number of persons not in census families aged 65 years and over 65
Living with relatives 5
Living with non-relatives only 5
Living alone 55
Number of census family persons aged 65 years and over 255
Total number of private households by household type 980
Census-family households 795
One-family-only households 760
Couple-family households 690
Without children 325
With children 370
Lone-parent-family households 65
Other family households 40
One-family households with persons not in a census family 30
Couple-family households 15
Without children 10
With children 10
Lone-parent-family households 10
Two-or-more-family households 15
Non-census-family households 180
One-person households 170
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 975
Single-detached house 950
Apartment, building that has five or more storeys 0
Movable dwelling 15
Other dwelling 15
Semi-detached house 10
Row house 5
Apartment, duplex 5
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 980
1 person 165
2 persons 375
3 persons 180
4 persons 175
5 persons 60
6 or more persons 15
Number of persons in private households 2575
Average number of persons in private households 2.6

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