Baytona, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $435,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest data, the real estate market in Baytona, Newfoundland and Labrador exhibits a robust growth pattern. The median house price stands at $485,000, with a year-over-year increase of 3.2%. This growth indicates a steady market with consistent demand for housing. The median apartment price is currently $295,000, showing a slightly lower year-over-year increase of 1.9%. The differential in appreciation rates between houses and apartments suggests a stronger preference or demand for standalone homes in the region.
The population of Baytona has reached approximately 15,500 residents, with an encouraging growth rate of 3.3%. This demographic expansion supports the rising demand in the housing market and may point towards sustained growth in property values as new residents seek accommodation.
Investment Opportunities and Potential
The positive trends in Baytona’s real estate market present several investment opportunities. The steady increase in property values, combined with a growing population, makes both residential and rental properties attractive investment assets. Investors could benefit from capital gains over time or from rental income in the short to medium term.
The stronger appreciation rate for houses compared to apartments hints at a potentially higher return on investment in this segment. However, apartments might offer more affordable entry points into the market and appeal to a different tenant demographic.
Future Market Outlook
The outlook for Baytona’s real estate market remains optimistic based on current trends. Assuming similar economic conditions persist, we can anticipate continued growth in property values driven by population increases and ongoing demand for housing. The steady appreciation rate suggests that the market is not experiencing overheating but rather reflecting organic growth.
However, potential investors and homeowners should monitor local economic factors, interest rates, and provincial policies affecting Newfoundland and Labrador’s real estate landscape to make informed decisions as conditions evolve.
