Goobies, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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 Goobies, Newfoundland and Labrador, is currently experiencing steady growth. With a median house price of $485,000 and a year-over-year increase of 3.2%, the market is showing healthy appreciation. Similarly, the median apartment price stands at $295,000 with a growth trend of 2.5% over the past year. This suggests a stable and steadily growing real estate environment.
The population in Goobies has also grown by 3.4% to reach 15,000 residents. This demographic expansion supports the increasing demand for housing, which in turn may contribute to sustained property value appreciation. The corresponding demand for rental properties is likely influencing the apartment market positively.
Investment Opportunities and Potential
Given the positive trends in both housing prices and population growth, Goobies presents attractive investment opportunities. The consistent increase in property values indicates a solid potential for capital gains over time. Investors might consider acquiring residential properties for long-term growth or exploring the rental market to capitalize on the demand driven by population growth.
The stability in apartment price increases also suggests good prospects for those interested in investing in multi-family housing units. With an ascent in both rental demand and property values, investors could potentially benefit from steady rental income as well as asset appreciation.
Future Market Outlook
The future market outlook for Goobies appears optimistic based on current trends. If the population continues to grow at the current rate or higher, it can be anticipated that the demand for housing will remain strong or even increase. This should support ongoing growth in property values and provide a robust environment for real estate investment.
However, potential investors are advised to monitor local economic indicators and broader provincial trends closely, as shifts in these areas can impact local markets significantly. Factors such as employment rates, infrastructure development projects, and regional policies affecting homeownership can all influence future market conditions in Goobies.
