Real Estate Market Report for
Paradise, NL

Updated : Aug 2016
House
  • Median price $349,900
  • Monthly growth 2.94 %
  • Quarterly trend
  • Stock on market 3.52%
Apartment
  • Median price $299,900
  • Monthly growth 10.09 %
  • Quarterly trend
  • Stock on market 0.13%
Paradise Home Price

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When looking across the province, Paradise is the 20th most expensive in Newfoundland and Labrador.

The median house price listed in Paradise this month is $349,900.

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

Across Newfoundland and Labrador Paradise has the 2nd most properties on offer with 197.

Newfoundland and Labrador has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

If you are looking at investment properties in Paradise, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.

In Aug the median listed house price of $299,900 in Paradise was a below average compared to the rest of Newfoundland and Labrador.

Paradise’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.

This month we track 2nd neighbourhoods in Newfoundland and Labrador, and Paradise has the 2nd most choice available for real estate investors.

As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Paradise 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.

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 Paradise have increased which would tend to indicate that demand is not as high as supply.

Beds Median price (House) Median price (Apartment)
2 bedrooms $289,900 $299,900
3 bedrooms $334,900
4 bedrooms $399,900
5 bedrooms $414,450
Demographics
  • Population in 201117695
  • Population in 200612584
  • 2006 to 2011 population change (%)40.6
  • Total private dwellings6906
  • Private dwellings occupied by usual residents6499
  • Population density per square kilometre605.2
  • Land area (square km)29.24
  • Age Characteristics
    Total population by age groups 17695
    0 to 4 years 1470
    5 to 9 years 1300
    10 to 14 years 1020
    15 to 19 years 835
    15 years 180
    16 years 150
    17 years 180
    18 years 160
    19 years 160
    20 to 24 years 975
    25 to 29 years 1470
    30 to 34 years 1695
    35 to 39 years 1785
    40 to 44 years 1645
    45 to 49 years 1395
    50 to 54 years 1145
    55 to 59 years 990
    60 to 64 years 750
    65 to 69 years 455
    70 to 74 years 295
    75 to 79 years 195
    80 to 84 years 135
    85 years and over 150
    Median age of the population 35.2
    % of the population aged 15 and over 78.6
  • Marital Status
    Total population 15 years and over by marital status 13905
    Married or living with a common-law partner 9700
    Married (and not separated) 8055
    Living common-law 1650
    Not married and not living with a common-law partner 4210
    Single (never legally married) 2935
    Separated 270
    Divorced 525
    Widowed 485
    Family Characteristics
    Total number of census families in private households 5415
    Size of census family: 2 persons 2310
    Size of census family: 3 persons 1465
    Size of census family: 4 persons 1395
    Size of census family: 5 or more persons 245
    Total number of census families in private households 5415
    Total couple families by family structure and number of children 4820
    Married couples 3995
    Without children at home 1415
    With children at home 2585
    1 child 1095
    2 children 1275
    3 or more children 215
    Common-law couples 825
    Without children at home 520
    With children at home 305
    1 child 185
    2 children 95
    3 or more children 25
    Total lone-parent families by sex of parent and number of children 595
    Female parent 460
    1 child 285
    2 children 145
    3 or more children 25
    Male parent 140
    1 child 95
    2 children 40
    3 or more children 10
    Total children in census families in private households 5630
    Under six years of age 1750
    6 to 14 years 2025
    15 to 17 years 495
    18 to 24 years 910
    25 years and over 450
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 17545
    Number of persons not in census families 1690
    Living with relatives 270
    Living with non-relatives only 420
    Living alone 995
    Number of census family persons 15860
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 1080
    Number of persons not in census families aged 65 years and over 295
    Living with relatives 85
    Living with non-relatives only 20
    Living alone 185
    Number of census family persons aged 65 years and over 790
    Total number of private households by household type 6495
    Census-family households 5315
    One-family-only households 4980
    Couple-family households 4510
    Without children 1775
    With children 2735
    Lone-parent-family households 470
    Other family households 335
    One-family households with persons not in a census family 235
    Couple-family households 160
    Without children 60
    With children 100
    Lone-parent-family households 80
    Two-or-more-family households 100
    Non-census-family households 1185
    One-person households 995
    Two-or-more-person households 190
    Total number of occupied private dwellings by structural type of dwelling 6495
    Single-detached house 4990
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 1505
    Semi-detached house 185
    Row house 100
    Apartment, duplex 1145
    Apartment, building that has fewer than five storeys 70
    Other single-attached house 10
    Total number of private households by household size 6500
    1 person 995
    2 persons 2215
    3 persons 1505
    4 persons 1425
    5 persons 300
    6 or more persons 65
    Number of persons in private households 17550
    Average number of persons in private households 2.7
Census 2011

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