Goulds, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.9% |
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 | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Goulds, Newfoundland and Labrador currently exhibits steady growth with a median house price of $485,000, marking a year-over-year increase of 3%. This is reflective of a consistent demand for housing in the area. Similarly, the median apartment price stands at $295,000, which has risen by 2.5% from the previous year. These trends suggest a stable market that is moderately appreciating over time.
The population of Goulds has seen a significant increase, with growth recorded at 4.8%, indicating an expanding community that could drive further demand for housing. The influx of new residents may be due to various factors such as employment opportunities, quality of life, or the attractive natural landscape of Newfoundland and Labrador.
Investment Opportunities and Potential
Given the steady appreciation in property values and ongoing population growth, Goulds presents several promising investment opportunities. For investors looking to enter the residential real estate market, the current trends suggest that both houses and apartments are viable options for long-term capital appreciation.
The solid population increase positions Goulds as an emerging market where rental properties could be particularly lucrative. Investors might consider acquiring rental apartments or homes to cater to the growing number of residents seeking accommodation. Furthermore, given the upward trajectory of property prices, flipping properties after value-adding renovations could also be an effective strategy in this market.
Future Market Outlook
The future outlook for Goulds’ real estate market remains optimistic based on current data. With continuous population growth and sustained increases in property values, it can be anticipated that demand will remain robust. Assuming no significant economic disruptions occur, the market is expected to maintain its course of gradual appreciation.
Investors should keep an eye on economic indicators such as employment rates and regional development plans which could influence the pace of growth in Goulds’ real estate market. Additionally, monitoring interest rates and mortgage regulations will be crucial as these factors can significantly impact buyer affordability and consequently influence market dynamics.
