Fermeuse, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
Median price | $489,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.6% |
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 | $420,000 |
3 bedrooms | $489,000 |
4 bedrooms | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $320,000 |
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
As of the latest data, Fermeuse’s real estate market exhibits a pattern of steady growth. The median house price is currently positioned at $489,000, reflecting a 3.2% year-over-year increase. This suggests a market that is appreciating at a modest pace. Similarly, the median apartment price has seen an uptick to $295,000, marking a 2.5% rise from the previous year. These statistics indicate a healthy real estate environment with sustained demand.
The population of Fermeuse stands at 15,200 and has been growing at a rate of 2.7%. This above-average population growth suggests an increasing demand for housing which could be pushing the gradual appreciation in property values. It also implies a vibrant local economy that might be attracting new residents and investment into the area.
Investment Opportunities and Potential
Given the current trajectory of property value appreciation in Fermeuse, there are opportunities for investors looking for long-term capital gains. The consistent growth in both house and apartment prices may continue to offer potential for moderate yield from both rental income and property value increases over time.
Investors should take note of the solid population growth rate as it may lead to increased rental demand, particularly for apartments which have shown a slightly lower price increase than houses. This could signal an attractive entry point for acquiring rental properties.
Future Market Outlook
The future outlook for Fermeuse’s real estate market appears cautiously optimistic. With ongoing population growth and stable year-over-year property price increases, it is reasonable to expect that these trends may continue in the near term barring any unforeseen economic disruptions.
Investors and homebuyers alike should monitor factors such as employment rates, infrastructure development, and interest rates which can impact housing demand and affordability. A close watch on regional economic policies will also provide insights into any changes that may affect the real estate market’s trajectory.