Goobies, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $480,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| 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 | $480,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 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
The real estate market in Goobies, Newfoundland and Labrador, is currently experiencing a steady growth trend. With a median house price of $480,000 and an upward year-over-year trend of 4%, the market is showing signs of healthy demand. The median apartment price stands at $290,000, which has seen a slightly lower yet consistent appreciation of 2.5% over the past year.
The population of Goobies sits at 15,200 and has witnessed a 2.7% growth rate, suggesting an influx of residents that could be contributing to the increasing demand for housing in the area. This growth may be indicative of a robust local economy or an attractive lifestyle drawing more individuals to the region.
Investment Opportunities and Potential
Investors looking at Goobies will find potential in both the single-family home market and apartment sector due to steady appreciation rates. The consistent increase in property values reflects a market with solid investment potential, especially when considering the 4% year-over-year rise for houses.
Apartments offer a more accessible entry point for investors at a median price of $290,000 and provide an opportunity to cater to different segments of the market, such as young professionals or smaller families. With population growth outpacing many other regions at 2.7%, rental demand is likely to remain strong, offering investors a stable cash flow scenario.
Future Market Outlook
The future real estate market outlook for Goobies appears promising given the current trends and data. Population growth is set to continue driving demand for housing which should sustain property value increases if economic conditions remain favorable.
The steady population influx combined with limited supply could exert upward pressure on both house and apartment prices. This would benefit long-term investors who are positioned properly in the market today. However, it is crucial for investors to keep an eye on local economic drivers and development plans that may affect future supply and demand dynamics.
In conclusion, Goobies represents a market with healthy growth indicators supported by demographic trends. Investors should consider both short-term gains from yearly price appreciations and long-term prospects driven by population increases when making decisions about entering this market.
