Real Estate Market Report for
Salmon Cove, NL

Updated : Aug 2016
House
  • Median price $139,450
  • Monthly growth 8.10 %
  • Quarterly trend
  • Stock on market 1.90%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Salmon Cove Home Price

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When looking across the province, Salmon Cove is the 151th most expensive in Newfoundland and Labrador.

The median house price listed in Salmon Cove this month is $139,450.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

Across Newfoundland and Labrador Salmon Cove has the 65th most properties on offer with 197.

Can we guarantee how well Salmon 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.

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 Salmon Cove have dried up which would tend to indicate that demand is higher than the supply of new properties.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Salmon Cove there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
3 bedrooms $149,900
Demographics
  • Population in 2011695
  • Population in 2006707
  • 2006 to 2011 population change (%)-1.7
  • Total private dwellings315
  • Private dwellings occupied by usual residents283
  • Population density per square kilometre165.2
  • Land area (square km)4.21
  • Age Characteristics
    Total population by age groups 695
    0 to 4 years 30
    5 to 9 years 30
    10 to 14 years 35
    15 to 19 years 40
    15 years 10
    16 years 5
    17 years 10
    18 years 15
    19 years 10
    20 to 24 years 35
    25 to 29 years 25
    30 to 34 years 30
    35 to 39 years 30
    40 to 44 years 50
    45 to 49 years 65
    50 to 54 years 60
    55 to 59 years 70
    60 to 64 years 65
    65 to 69 years 55
    70 to 74 years 30
    75 to 79 years 30
    80 to 84 years 10
    85 years and over 10
    Median age of the population 48.7
    % of the population aged 15 and over 87.2
  • Marital Status
    Total population 15 years and over by marital status 605
    Married or living with a common-law partner 395
    Married (and not separated) 365
    Living common-law 30
    Not married and not living with a common-law partner 210
    Single (never legally married) 125
    Separated 10
    Divorced 20
    Widowed 50
    Family Characteristics
    Total number of census families in private households 230
    Size of census family: 2 persons 120
    Size of census family: 3 persons 50
    Size of census family: 4 persons 45
    Size of census family: 5 or more persons 10
    Total number of census families in private households 230
    Total couple families by family structure and number of children 200
    Married couples 185
    Without children at home 95
    With children at home 85
    1 child 40
    2 children 45
    3 or more children 5
    Common-law couples 15
    Without children at home 10
    With children at home 5
    1 child 0
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 30
    Female parent 25
    1 child 15
    2 children 5
    3 or more children 5
    Male parent 10
    1 child 0
    2 children 5
    3 or more children 0
    Total children in census families in private households 195
    Under six years of age 30
    6 to 14 years 60
    15 to 17 years 25
    18 to 24 years 50
    25 years and over 30
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 695
    Number of persons not in census families 75
    Living with relatives 10
    Living with non-relatives only 10
    Living alone 55
    Number of census family persons 615
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 130
    Number of persons not in census families aged 65 years and over 45
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 35
    Number of census family persons aged 65 years and over 90
    Total number of private households by household type 285
    Census-family households 225
    One-family-only households 205
    Couple-family households 185
    Without children 100
    With children 90
    Lone-parent-family households 20
    Other family households 20
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 60
    One-person households 55
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 285
    Single-detached house 265
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 15
    Semi-detached house 15
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 0
    Total number of private households by household size 285
    1 person 60
    2 persons 110
    3 persons 60
    4 persons 40
    5 persons 5
    6 or more persons 5
    Number of persons in private households 695
    Average number of persons in private households 2.5
Census 2011

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