Dildo, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.8% |
Stock on market | 0.9% |
Apartment
Median price | $295,000 |
Monthly growth | 0.7% |
Quarterly trend | 1.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $485,000 |
4 bedrooms | $575,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $335,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.4 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dildo, Newfoundland and Labrador is currently experiencing steady growth. With a median house price of $485,000 and an annual increase of 2.8%, the market is showing healthy progression. Similarly, the median apartment price stands at $295,000, with a slightly lower year-over-year growth rate of 1.5%. These statistics indicate a market that is growing at a sustainable pace.
The population of Dildo has seen a robust growth rate of 3.4%, which currently stands at approximately 15,000. This demographic trend suggests an increasing demand for housing in the region as more individuals and families are drawn to the area.
Investment Opportunities and Potential
Given the steady appreciation in property values, Dildo presents promising investment opportunities. The consistent rise in house prices reflects the area’s potential for capital gains over the long term. For investors looking to enter the residential market, single-family homes are particularly attractive due to their higher appreciation rate compared to apartments.
Apartments, on the other hand, with their lower median price point and a stable growth trend, offer an accessible entry into the real estate market for first-time investors or those with a more conservative investment approach. The continuous population growth supports the potential for rental investments as well, as there will be ongoing demand for rental properties from new residents.
Future Market Outlook
The future outlook for Dildo’s real estate market remains optimistic. The combination of steady price increases, strong population growth, and an expanding local economy lays a solid foundation for continued positive performance. As long as these trends persist, it is reasonable to expect that both property values and rental demand will keep rising.
However, investors and potential homeowners should stay informed about local economic developments and national real estate regulations that could impact market conditions. Monitoring interest rates, employment rates, and regional economic initiatives will be key to understanding the long-term prospects of investing in Dildo’s real estate market.