Campbellton, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Campbellton, Newfoundland and Labrador, is currently experiencing moderate growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market shows signs of steady appreciation. Similarly, apartments in the area have a median price point of $300,000, with a more modest growth rate of 2.1% year-over-year.
These trends indicate a balanced market that is growing at a sustainable pace. The population has experienced a notable growth of 7.1%, which could be contributing to the steady demand in real estate and the consequent rise in property values.
Investment Opportunities and Potential
For investors considering Campbellton’s real estate market, there are both short-term and long-term opportunities to explore. The consistent growth in property values suggests that investments in residential properties could yield solid returns over time. Given the population increase, rental properties may see higher demand, suggesting that purchasing apartments for rental purposes could be a strategic move.
Furthermore, as the community grows, there may be untapped potential in commercial real estate development or renovation projects aimed at accommodating the expanding population’s needs.
Future Market Outlook
The future outlook for Campbellton’s real estate market appears positive. Assuming the population continues to grow at or near its current rate of 7.1%, demand for housing can be expected to rise correspondingly. If economic conditions remain favorable and the local job market expands alongside population growth, we could anticipate continued appreciation of property values at a similarly moderate pace.
Investors should keep an eye on regional developments that could influence these trends such as government policies affecting homeownership or taxation, infrastructure projects that improve accessibility or amenities, and shifts in the local employment landscape.
