Kippens, 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 | 0.8% |
| 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 | $580,000 |
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 | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Kippens, Newfoundland and Labrador currently presents a stable growth environment. The median house price stands at $485,000, reflecting a year-over-year increase of 3.2%. This steady growth is indicative of a balanced market that has been able to maintain its value while ensuring accessibility to new buyers.
In the apartment sector, the median price is set at $295,000, with a slightly lower year-over-year growth rate of 2.5%. The consistency in the growth of apartment prices suggests a sustained demand for more affordable and lower-maintenance living spaces within Kippens.
With a population of 15,000 and an impressive population growth rate of 3.4%, Kippens is experiencing demographic expansion that could further energize the local real estate market.
2. Investment Opportunities and Potential
The positive trends in housing and apartment prices in Kippens point to healthy investment opportunities for both residential properties and rental markets. Investors can capitalize on the growing population by investing in properties that cater to the increasing demand for housing.
The consistent appreciation in property values offers potential for capital gains over time. Furthermore, the demographic growth may lead to a rise in rental demand, which could offer investors steady cash flow and favorable rental yields.
3. Future Market Outlook
The future real estate market outlook for Kippens remains optimistic based on current trends and demographic indicators. Expected continued population growth should bolster housing demand, potentially leading to further price appreciation for both houses and apartments.
Additional factors such as economic development initiatives, infrastructural improvements, or changes in local industry could also play significant roles in shaping the future market landscape. However, as with any investment, potential risks such as economic downturns or shifts in housing policy should be considered.
In summary, Kippens presents an appealing real estate market with stable growth, promising investment opportunities, and a positive outlook that warrants consideration from both homebuyers and investors alike.
