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Beachside, Newfoundland and Labrador Real Estate Market Data

Updated: Nov 2024

House

Median price $495,000
Monthly growth 1.1%
Quarterly trend 3.2%
Stock on market 0.8%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $385,000
3 bedrooms $495,000
4 bedrooms $610,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $345,000
3 bedrooms $450,000

Demographics

Current Population (2025) 15,200
Previous Population (2020) 14,800
Population Change 2.7%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis






Beachside, Newfoundland and Labrador Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Beachside, Newfoundland and Labrador is currently experiencing steady growth. With a median house price of $495,000 and an annual appreciation trend of 3.2%, the market remains attractive for both buyers and sellers. Similarly, the median apartment price stands at $295,000, with a slightly lower annual appreciation trend of 2.5%. These trends indicate a healthy demand for housing in the area.

The population of Beachside has been growing at a rate of 2.7%, suggesting an increasing demand for housing. The consistent population growth contributes to a dynamic real estate market with potential for both short-term gains and long-term investment stability.

Investment Opportunities and Potential

Beachside offers various opportunities for investors looking to enter the real estate market or expand their portfolio. The steady increase in property values provides a favorable environment for capital gains over time. Investors should consider both houses and apartments as viable options, given the positive price trends in both market segments.

The relatively higher appreciation rate for houses compared to apartments can be particularly attractive to investors looking for larger assets with potentially higher returns. However, apartments may appeal to those interested in catering to individuals or small families, possibly creating opportunities in the rental market due to continuous population growth.

Future Market Outlook

The future outlook of Beachside’s real estate market appears promising. The consistent population growth will likely maintain the demand for housing, which could keep driving property values upward. Assuming local economic conditions remain stable or improve, we can expect the current trends to persist or even accelerate.

In conclusion, Beachside’s real estate market demonstrates robust health with clear potential for ongoing growth. Investors should monitor local economic developments closely as they could further influence market dynamics and enhance investment prospects in this Newfoundland and Labrador community.