Gaultois, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,900 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gaultois, Newfoundland and Labrador, is currently characterized by a steady increase in property values. With the median house price at $485,000 and showing a 4% year-over-year growth, the market is experiencing healthy expansion. Similarly, the median apartment price stands at $295,000, with a more modest growth trend of 1.5% year-over-year. These figures suggest a stable market that is attracting homeowner interest.
The population of Gaultois has reached 15,100 residents, with a growth rate of 1.34%. This demographic trend implies an increasing demand for housing which could further stimulate the real estate market.
Investment Opportunities and Potential
Real estate investors looking at Gaultois can find potential in both residential properties and rental markets. The consistent rise in home values indicates room for capital gains over the mid to long term. Given the town’s population growth and attractive natural settings, investment in vacation rental properties might also offer lucrative returns.
With apartment prices experiencing slower growth, there may be opportunities to enter the market at a lower price point while still benefiting from the overall positive trend. Investors should consider areas within Gaultois that are likely to see higher demand due to factors such as proximity to amenities or scenic views.
Future Market Outlook
The future real estate market outlook for Gaultois remains optimistic. Given current trends and demographic factors, it is reasonable to anticipate continued growth in property values. The steady population increase should drive demand for both housing purchases and rentals.
In light of this data, stakeholders within the Gaultois real estate sector may expect ongoing opportunities for investment and development. However, it is important for investors to monitor economic indicators such as employment rates and infrastructure developments that could influence future market dynamics.
