Harcourt, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,200 |
| Population Change | 5.6% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.2 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Harcourt, Newfoundland and Labrador, the real estate market is currently experiencing a period of steady growth. The median house price stands at $495,000, reflecting a year-over-year increase of 4%. This indicates a healthy demand for homes in the area, with prices trending upwards at a moderate pace. Meanwhile, the median apartment price is currently at $295,000, with a slightly lower growth rate of 2.5% year-over-year. This could suggest that apartments are a more accessible entry point for homebuyers or investors in the current market.
Investment Opportunities and Potential
The Harcourt real estate market presents promising investment opportunities, particularly in residential properties. The solid growth in house prices coupled with the more modest increase in apartment values suggests potential for both short-term gains through property flipping and long-term returns from rental income. Given the population of 15,000 and its notable growth of 5.6%, there is likely to be continued demand for housing. The demographic trends support the idea that investing in both houses and apartments could cater to different segments of the market—families looking for larger living spaces and individuals or smaller households seeking more affordable options.
Future Market Outlook
The future outlook for Harcourt’s real estate market appears optimistic. The consistent population growth serves as a significant indicator of sustained demand for housing. If current trends persist, it is reasonable to project that property values will continue to rise at a similar or potentially accelerated rate due to increased desirability and limited supply. Investors should monitor factors such as local economic developments, interest rates, and national housing policies, which could all impact the trajectory of the market. Nonetheless, Harcourt’s strong fundamentals provide a sound basis for real estate investment consideration.
