Real Estate Market Report for
Deer Lake, NL

Updated : Aug 2016
House
  • Median price $239,900
  • Monthly growth -5.73 %
  • Quarterly trend
  • Stock on market 1.76%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Deer Lake Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Deer Lake is number 2209 putting it in the top half of the country .

When our research team crunched the numbers we calculated that Deer Lake has a median home price of $239,900.

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.

According to our stats, Deer Lake is the neighbourhood that has the 14th most properties available to real estate investors in Newfoundland and Labrador.

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

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.

It’s never an exact art, but to try to forecast how property is going to appreciate in Deer Lake for investors, it’s important to look at data like:

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)
2 bedrooms $133,450
3 bedrooms $249,000
4 bedrooms $349,000
Demographics
  • Population in 20114995
  • Population in 20064827
  • 2006 to 2011 population change (%)3.5
  • Total private dwellings2106
  • Private dwellings occupied by usual residents1981
  • Population density per square kilometre68.2
  • Land area (square km)73.23
  • Age Characteristics
    Total population by age groups 4995
    0 to 4 years 260
    5 to 9 years 255
    10 to 14 years 240
    15 to 19 years 335
    15 years 70
    16 years 65
    17 years 70
    18 years 55
    19 years 70
    20 to 24 years 245
    25 to 29 years 240
    30 to 34 years 245
    35 to 39 years 305
    40 to 44 years 330
    45 to 49 years 405
    50 to 54 years 390
    55 to 59 years 435
    60 to 64 years 350
    65 to 69 years 300
    70 to 74 years 230
    75 to 79 years 175
    80 to 84 years 135
    85 years and over 110
    Median age of the population 45.5
    % of the population aged 15 and over 84.8
  • Marital Status
    Total population 15 years and over by marital status 4235
    Married or living with a common-law partner 2715
    Married (and not separated) 2375
    Living common-law 340
    Not married and not living with a common-law partner 1520
    Single (never legally married) 915
    Separated 85
    Divorced 205
    Widowed 320
    Family Characteristics
    Total number of census families in private households 1615
    Size of census family: 2 persons 905
    Size of census family: 3 persons 365
    Size of census family: 4 persons 265
    Size of census family: 5 or more persons 75
    Total number of census families in private households 1615
    Total couple families by family structure and number of children 1345
    Married couples 1170
    Without children at home 650
    With children at home 520
    1 child 245
    2 children 215
    3 or more children 65
    Common-law couples 170
    Without children at home 80
    With children at home 90
    1 child 40
    2 children 40
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 270
    Female parent 230
    1 child 140
    2 children 70
    3 or more children 15
    Male parent 40
    1 child 30
    2 children 10
    3 or more children 5
    Total children in census families in private households 1415
    Under six years of age 310
    6 to 14 years 445
    15 to 17 years 205
    18 to 24 years 280
    25 years and over 180
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 4920
    Number of persons not in census families 550
    Living with relatives 95
    Living with non-relatives only 70
    Living alone 385
    Number of census family persons 4370
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 880
    Number of persons not in census families aged 65 years and over 225
    Living with relatives 55
    Living with non-relatives only 10
    Living alone 170
    Number of census family persons aged 65 years and over 655
    Total number of private households by household type 1980
    Census-family households 1555
    One-family-only households 1425
    Couple-family households 1200
    Without children 655
    With children 545
    Lone-parent-family households 220
    Other family households 130
    One-family households with persons not in a census family 75
    Couple-family households 55
    Without children 20
    With children 35
    Lone-parent-family households 20
    Two-or-more-family households 55
    Non-census-family households 425
    One-person households 385
    Two-or-more-person households 40
    Total number of occupied private dwellings by structural type of dwelling 1980
    Single-detached house 1530
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 435
    Semi-detached house 155
    Row house 45
    Apartment, duplex 95
    Apartment, building that has fewer than five storeys 125
    Other single-attached house 5
    Total number of private households by household size 1985
    1 person 385
    2 persons 825
    3 persons 355
    4 persons 285
    5 persons 90
    6 or more persons 40
    Number of persons in private households 4925
    Average number of persons in private households 2.5
Census 2011

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