Frederickton, 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 Fredrickton, Newfoundland and Labrador, is currently experiencing a period of modest growth. The median house price in the area is $500,000, which represents a year-over-year increase of 3.5%. This steady rise indicates a healthy demand for single-family homes. Similarly, the median apartment price has seen a growth of 2.1% over the same period, reaching $300,000. Despite slower growth compared to houses, the apartment sector remains an integral part of the local real estate market.
Alongside pricing trends, Fredrickton’s population has grown by 7.1%, which can be attributed to both natural growth and migration. This influx of residents is likely contributing to the increased demand for housing and suggests that the market is expanding.
Investment Opportunities and Potential
The current trends in Fredrickton’s real estate market indicate several promising opportunities for investors. The continuous, albeit moderate, increase in property values suggests a stable investment environment with potential for long-term capital gains. Single-family homes are particularly appealing due to their higher annual appreciation rate.
For those looking to enter the rental market or expand their portfolio, apartments may offer a more accessible entry point given their lower median price point of $300,000. With the population on the rise, rental demand is expected to grow accordingly, providing investors with a potentially steady stream of rental income alongside appreciation benefits.
Future Market Outlook
Looking forward, the real estate market in Fredrickton appears poised for continued growth. The consistent rise in property values and strong population growth suggest that both demand and prices are likely to maintain an upward trajectory. However, it’s important for investors and potential homeowners to monitor local economic factors and national policy changes that could impact mortgage rates or property taxes.
The combination of stable price increases and significant population growth positions Fredrickton as an attractive market for both residential buyers and real estate investors alike. Careful analysis and strategic investment decisions will be key to capitalizing on this market’s potential.
