Real Estate Market Report for
Norris Point, NL

Updated : Aug 2016
House
  • Median price $135,000
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.87%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Norris Point Home Price

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With a median listing price of $135,000, Norris Point is Canada’s 4205th most expensive when ordered by median listing price.

In Aug the median listed house price of $135,000 in Norris Point was relatively low compared to the rest of Newfoundland and Labrador.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Norris Point there is more stock than three months ago. This would indicate pressure on prices easing.

As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Norris Point needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Over the last three months in Norris Point, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
3 bedrooms $130,950
Demographics
  • Population in 2011685
  • Population in 2006699
  • 2006 to 2011 population change (%)-2
  • Total private dwellings345
  • Private dwellings occupied by usual residents278
  • Population density per square kilometre139.5
  • Land area (square km)4.91
  • Age Characteristics
    Total population by age groups 685
    0 to 4 years 15
    5 to 9 years 25
    10 to 14 years 45
    15 to 19 years 40
    15 years 5
    16 years 10
    17 years 5
    18 years 5
    19 years 10
    20 to 24 years 25
    25 to 29 years 15
    30 to 34 years 20
    35 to 39 years 35
    40 to 44 years 60
    45 to 49 years 60
    50 to 54 years 55
    55 to 59 years 60
    60 to 64 years 70
    65 to 69 years 55
    70 to 74 years 45
    75 to 79 years 20
    80 to 84 years 25
    85 years and over 20
    Median age of the population 50.2
    % of the population aged 15 and over 87.2
  • Marital Status
    Total population 15 years and over by marital status 595
    Married or living with a common-law partner 395
    Married (and not separated) 325
    Living common-law 70
    Not married and not living with a common-law partner 200
    Single (never legally married) 115
    Separated 10
    Divorced 20
    Widowed 55
    Family Characteristics
    Total number of census families in private households 225
    Size of census family: 2 persons 135
    Size of census family: 3 persons 45
    Size of census family: 4 persons 35
    Size of census family: 5 or more persons 10
    Total number of census families in private households 225
    Total couple families by family structure and number of children 195
    Married couples 160
    Without children at home 95
    With children at home 65
    1 child 35
    2 children 25
    3 or more children 10
    Common-law couples 35
    Without children at home 15
    With children at home 20
    1 child 5
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 25
    Female parent 25
    1 child 20
    2 children 5
    3 or more children 0
    Male parent 5
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 175
    Under six years of age 20
    6 to 14 years 70
    15 to 17 years 20
    18 to 24 years 40
    25 years and over 25
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 670
    Number of persons not in census families 80
    Living with relatives 10
    Living with non-relatives only 5
    Living alone 65
    Number of census family persons 590
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 145
    Number of persons not in census families aged 65 years and over 40
    Living with relatives 10
    Living with non-relatives only 0
    Living alone 35
    Number of census family persons aged 65 years and over 105
    Total number of private households by household type 280
    Census-family households 210
    One-family-only households 195
    Couple-family households 175
    Without children 105
    With children 75
    Lone-parent-family households 20
    Other family households 20
    One-family households with persons not in a census family 10
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 10
    Non-census-family households 60
    One-person households 65
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 275
    Single-detached house 270
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 5
    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 280
    1 person 65
    2 persons 120
    3 persons 40
    4 persons 35
    5 persons 15
    6 or more persons 5
    Number of persons in private households 670
    Average number of persons in private households 2.4
Census 2011

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