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West Royalty, PE

Updated: Aug 2016
House
Median price $279,000
Monthly growth 20.28 %
Quarterly trend
Stock on market 0.04%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

West Royalty Home Price

The median asking price in West Royalty is $279,000, an improvement on the median three months ago which was $239,500 .

With West Royalty’s median house price at $279,000 in Aug , it is high priced compared to the rest of Prince Edward Island.

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.

There are 218 neighbourhoods that have more properties on sale than West Royalty at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

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

Can we guarantee how well West Royalty 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.

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)
3 bedrooms $284,450
4 bedrooms $307,400
Demographics
  • Population in 201134562
  • Population in 200632174
  • 2006 to 2011 population change (%)7.4
  • Total private dwellings16060
  • Private dwellings occupied by usual residents15000
  • Population density per square kilometre779.7
  • Land area (square km)44.33

Age Characteristics

Total population by age groups 34560
0 to 4 years 1595
5 to 9 years 1500
10 to 14 years 1735
15 to 19 years 2260
15 years 410
16 years 430
17 years 405
18 years 485
19 years 530
20 to 24 years 3010
25 to 29 years 2275
30 to 34 years 1940
35 to 39 years 1980
40 to 44 years 2250
45 to 49 years 2665
50 to 54 years 2590
55 to 59 years 2500
60 to 64 years 2250
65 to 69 years 1605
70 to 74 years 1330
75 to 79 years 1160
80 to 84 years 870
85 years and over 1050
Median age of the population 42.3
% of the population aged 15 and over 86

Marital Status

Total population 15 years and over by marital status 29735
Married or living with a common-law partner 14925
Married (and not separated) 12605
Living common-law 2320
Not married and not living with a common-law partner 14805
Single (never legally married) 9680
Separated 880
Divorced 1985
Widowed 2265

Family Characteristics

Total number of census families in private households 9120
Size of census family: 2 persons 4950
Size of census family: 3 persons 2065
Size of census family: 4 persons 1490
Size of census family: 5 or more persons 625
Total number of census families in private households 9125
Total couple families by family structure and number of children 7240
Married couples 6085
Without children at home 2920
With children at home 3160
1 child 1360
2 children 1245
3 or more children 560
Common-law couples 1155
Without children at home 785
With children at home 365
1 child 215
2 children 110
3 or more children 40
Total lone-parent families by sex of parent and number of children 1880
Female parent 1565
1 child 1020
2 children 410
3 or more children 130
Male parent 315
1 child 220
2 children 75
3 or more children 20
Total children in census families in private households 8950
Under six years of age 1855
6 to 14 years 2940
15 to 17 years 1195
18 to 24 years 1995
25 years and over 965
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 33315
Number of persons not in census families 8000
Living with relatives 705
Living with non-relatives only 2265
Living alone 5025
Number of census family persons 25315
Average number of persons per census family 2.8
Total number of persons 65 years and over in private households 5115
Number of persons not in census families aged 65 years and over 2080
Living with relatives 175
Living with non-relatives only 110
Living alone 1795
Number of census family persons aged 65 years and over 3040
Total number of private households by household type 15000
Census-family households 8975
One-family-only households 8340
Couple-family households 6775
Without children 3455
With children 3320
Lone-parent-family households 1565
Other family households 635
One-family households with persons not in a census family 490
Couple-family households 280
Without children 140
With children 140
Lone-parent-family households 210
Two-or-more-family households 145
Non-census-family households 6025
One-person households 5025
Two-or-more-person households 1000
Total number of occupied private dwellings by structural type of dwelling 15000
Single-detached house 7180
Apartment, building that has five or more storeys 55
Movable dwelling 255
Other dwelling 7510
Semi-detached house 1375
Row house 515
Apartment, duplex 500
Apartment, building that has fewer than five storeys 5075
Other single-attached house 40
Total number of private households by household size 15000
1 person 5025
2 persons 5200
3 persons 2320
4 persons 1630
5 persons 630
6 or more persons 190
Number of persons in private households 33310
Average number of persons in private households 2.2

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