Real Estate Market Report for
Chance Cove, NL

Updated : Aug 2016
House
  • Median price $169,900
  • Monthly growth -26.09 %
  • Quarterly trend
  • Stock on market 1.99%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Chance Cove Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Chance Cove is number 3482 putting it in the bottom half of the country .

While the median for Newfoundland and Labrador is $209,000 , which means that Chance Cove’s median price is $169,900 below average than the rest of the province.

According to our stats, Chance Cove is the neighbourhood that has the 98th most properties available to real estate investors in Newfoundland and Labrador.

Can we guarantee how well Chance Cove 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.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Chance Cove, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 2, this month we show 3.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Chance Cove will hopefully provide an indicator to help you where to research in-depth

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 $143,200
Demographics
  • Population in 2011282
  • Population in 2006310
  • 2006 to 2011 population change (%)-9
  • Total private dwellings151
  • Private dwellings occupied by usual residents125
  • Population density per square kilometre15.5
  • Land area (square km)18.2
  • Age Characteristics
    Total population by age groups 280
    0 to 4 years 5
    5 to 9 years 10
    10 to 14 years 10
    15 to 19 years 10
    15 years 5
    16 years 0
    17 years 0
    18 years 5
    19 years 0
    20 to 24 years 10
    25 to 29 years 5
    30 to 34 years 5
    35 to 39 years 15
    40 to 44 years 20
    45 to 49 years 20
    50 to 54 years 35
    55 to 59 years 35
    60 to 64 years 35
    65 to 69 years 40
    70 to 74 years 20
    75 to 79 years 10
    80 to 84 years 5
    85 years and over 0
    Median age of the population 54.8
    % of the population aged 15 and over 90.9
  • Marital Status
    Total population 15 years and over by marital status 260
    Married or living with a common-law partner 185
    Married (and not separated) 180
    Living common-law 5
    Not married and not living with a common-law partner 75
    Single (never legally married) 40
    Separated 0
    Divorced 10
    Widowed 15
    Family Characteristics
    Total number of census families in private households 105
    Size of census family: 2 persons 70
    Size of census family: 3 persons 15
    Size of census family: 4 persons 10
    Size of census family: 5 or more persons 0
    Total number of census families in private households 105
    Total couple families by family structure and number of children 95
    Married couples 90
    Without children at home 65
    With children at home 25
    1 child 15
    2 children 10
    3 or more children 5
    Common-law couples 0
    Without children at home 0
    With children at home 0
    1 child 0
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 10
    Female parent 10
    1 child 5
    2 children 0
    3 or more children 0
    Male parent 0
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 55
    Under six years of age 0
    6 to 14 years 15
    15 to 17 years 10
    18 to 24 years 10
    25 years and over 20
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 285
    Number of persons not in census families 25
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons 255
    Average number of persons per census family 2.4
    Total number of persons 65 years and over in private households 80
    Number of persons not in census families aged 65 years and over 10
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 5
    Number of census family persons aged 65 years and over 65
    Total number of private households by household type 125
    Census-family households 100
    One-family-only households 100
    Couple-family households 90
    Without children 65
    With children 30
    Lone-parent-family households 10
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 0
    With children 0
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 20
    One-person households 25
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 125
    Single-detached house 120
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 10
    Semi-detached house 5
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 125
    1 person 20
    2 persons 65
    3 persons 25
    4 persons 10
    5 persons 0
    6 or more persons 0
    Number of persons in private households 280
    Average number of persons in private households 2.2
Census 2011

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