Fermeuse, 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 | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
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 | $330,000 |
| 3 bedrooms | $420,000 |
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
Current Market Conditions and Trends
In Fermeuse, Newfoundland and Labrador, the real estate market is currently experiencing steady growth. The median house price sits at $485,000, which has increased by 2.8% year-over-year. This indicates a moderate and sustainable appreciation in property values in the region. Similarly, the median apartment price is $295,000, having risen by 1.9% from the previous year. Such growth trends suggest a balanced market which may be attractive to both buyers and sellers, as properties are gaining value without the volatility seen in more aggressive markets.
The population of Fermeuse stands at 15,200 people and has seen a healthy increase of 2.7%. This growth can put upward pressure on housing demands, potentially leading to further increases in property values over time if the supply does not keep pace with demand.
Investment Opportunities and Potential
Given the steady increase in property values and population growth, Fermeuse presents several promising investment opportunities. For investors looking for long-term capital gains, purchasing residential properties such as houses or apartments could be a sound strategy. With a median house price appreciating at 2.8% annually, investors might expect continued growth in equity over time.
The rental market also deserves attention. The influx of residents suggests that there will be an ongoing need for rental accommodations. Investors could capitalize on this demand by acquiring properties to rent out, potentially yielding favorable rental income and asset appreciation.
Moreover, as more people move to the area or choose Fermeuse for its lifestyle benefits, there may be opportunities in developing or investing in local amenities and services to support the growing community.
Future Market Outlook
The future real estate market outlook for Fermeuse appears positive based on current trends and data. Assuming consistent population growth and economic stability within Newfoundland and Labrador, demand for housing is likely to remain strong. The key drivers of this outlook include sustained population increase at 2.7%, alongside modest yet steady growth in property values.
If these trends continue, investors can reasonably anticipate ongoing appreciation in real estate investments over time. However, it’s essential to monitor potential changes in local economic conditions, housing supply levels, and broader geopolitical factors that could impact market dynamics.
To capitalize on Fermeuse’s real estate market potential while mitigating risks, investors should consider diversifying their portfolios across different types of properties and keeping abreast of regional development plans that may influence future property valuations.
