Doyles, 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 Doyles, Newfoundland and Labrador is currently experiencing steady growth. With a median house price of $500,000 and an annual price increase of 3.5%, the market is showing signs of consistent appreciation. Similarly, the median apartment price is set at $300,000, with a slightly lower year-over-year trend of 2.1%. The population of Doyles has reached 15,000 residents and has witnessed a significant growth rate of 7.1%, indicating a healthy influx of new residents and potential for ongoing demand in the housing market.
Investment Opportunities and Potential
The continued appreciation in property values coupled with robust population growth suggests that Doyles presents promising investment opportunities. The current trends indicate that both residential homes and apartments are viable options for investors looking to capitalize on the area’s growth. Given the moderate increase in prices, there is potential for long-term capital gains for those who invest in the local real estate market now.
Future Market Outlook
Looking to the future, Doyles’ real estate market appears poised for sustained growth. The positive population trend is likely to drive housing demand further, potentially leading to an accelerated pace in property value appreciation. Investors and homebuyers should monitor this market closely as the combination of rising population numbers and steady economic conditions could result in increased investment returns over time.