Real Estate Market Report for
Happy Valley-Goose Bay, NL

Updated : Aug 2016
House
  • Median price $364,000
  • Monthly growth 12.00 %
  • Quarterly trend
  • Stock on market 0.35%
Apartment
  • Median price $459,000
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.09%
Happy Valley-Goose Bay Home Price

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Canada’s national median home listing price this month is $290,900, which means that Happy Valley-Goose Bay is in the top 20% for Canada.

When our research team crunched the numbers we calculated that Happy Valley-Goose Bay has a median home price of $364,000.

Investors looking for properties in Happy Valley-Goose Bay are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Happy Valley-Goose Bay has more than the average number to choose from compared to the rest of the province

Will prices rise across the next year in in Happy Valley-Goose Bay? There are a number of real estate indicators to consider.

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 Happy Valley-Goose Bay, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 19, this month we show 12.

With a median listing price of $459,000, Happy Valley-Goose Bay is Canada’s 49th most expensive when ordered by median listing price.

While the median for Newfoundland and Labrador is $299,000 , which means that Happy Valley-Goose Bay’s median price is $459,000 considerably better than the rest of the province.

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.

There are 13 neighbourhoods that have more properties on sale than Happy Valley-Goose Bay at the moment in Newfoundland and Labrador which puts the neighbourhood middle range when looking at the number of properties to choose from.

Will prices rise across the next year in in Happy Valley-Goose Bay? There are a number of real estate indicators to consider.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Happy Valley-Goose Bay have increased which would tend to indicate that demand is not as high as supply.

Beds Median price (House) Median price (Apartment)
3 bedrooms $364,000
4 bedrooms $314,900
Demographics
  • Population in 20117552
  • Population in 20067572
  • 2006 to 2011 population change (%)-0.3
  • Total private dwellings3386
  • Private dwellings occupied by usual residents2843
  • Population density per square kilometre24.7
  • Land area (square km)305.85
  • Age Characteristics
    Total population by age groups 7550
    0 to 4 years 475
    5 to 9 years 425
    10 to 14 years 490
    15 to 19 years 520
    15 years 110
    16 years 105
    17 years 100
    18 years 120
    19 years 90
    20 to 24 years 490
    25 to 29 years 540
    30 to 34 years 500
    35 to 39 years 600
    40 to 44 years 665
    45 to 49 years 695
    50 to 54 years 625
    55 to 59 years 495
    60 to 64 years 375
    65 to 69 years 270
    70 to 74 years 170
    75 to 79 years 110
    80 to 84 years 60
    85 years and over 50
    Median age of the population 38
    % of the population aged 15 and over 81.6
  • Marital Status
    Total population 15 years and over by marital status 6165
    Married or living with a common-law partner 3970
    Married (and not separated) 3005
    Living common-law 970
    Not married and not living with a common-law partner 2195
    Single (never legally married) 1590
    Separated 115
    Divorced 260
    Widowed 230
    Family Characteristics
    Total number of census families in private households 2330
    Size of census family: 2 persons 1135
    Size of census family: 3 persons 625
    Size of census family: 4 persons 440
    Size of census family: 5 or more persons 135
    Total number of census families in private households 2335
    Total couple families by family structure and number of children 1970
    Married couples 1490
    Without children at home 650
    With children at home 835
    1 child 405
    2 children 340
    3 or more children 90
    Common-law couples 480
    Without children at home 250
    With children at home 230
    1 child 130
    2 children 75
    3 or more children 35
    Total lone-parent families by sex of parent and number of children 365
    Female parent 280
    1 child 175
    2 children 75
    3 or more children 30
    Male parent 85
    1 child 65
    2 children 20
    3 or more children 5
    Total children in census families in private households 2305
    Under six years of age 530
    6 to 14 years 815
    15 to 17 years 295
    18 to 24 years 460
    25 years and over 205
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 7455
    Number of persons not in census families 840
    Living with relatives 155
    Living with non-relatives only 180
    Living alone 515
    Number of census family persons 6615
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 605
    Number of persons not in census families aged 65 years and over 160
    Living with relatives 40
    Living with non-relatives only 5
    Living alone 105
    Number of census family persons aged 65 years and over 450
    Total number of private households by household type 2845
    Census-family households 2260
    One-family-only households 2050
    Couple-family households 1780
    Without children 805
    With children 975
    Lone-parent-family households 270
    Other family households 215
    One-family households with persons not in a census family 140
    Couple-family households 100
    Without children 45
    With children 60
    Lone-parent-family households 40
    Two-or-more-family households 65
    Non-census-family households 580
    One-person households 510
    Two-or-more-person households 70
    Total number of occupied private dwellings by structural type of dwelling 2845
    Single-detached house 1770
    Apartment, building that has five or more storeys 0
    Movable dwelling 70
    Other dwelling 1000
    Semi-detached house 535
    Row house 225
    Apartment, duplex 65
    Apartment, building that has fewer than five storeys 170
    Other single-attached house 5
    Total number of private households by household size 2845
    1 person 510
    2 persons 1035
    3 persons 615
    4 persons 480
    5 persons 150
    6 or more persons 60
    Number of persons in private households 7450
    Average number of persons in private households 2.6
Census 2011

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