Lanseamour, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
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 | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Lanseamour, Newfoundland and Labrador is experiencing moderate growth, as reflected in the latest housing data. The median house price in the region stands at $490,000, with a steady year-over-year increase of 3.2%. This indicates a healthy demand for housing in the area, coupled with a sustained appreciation in property values.
On the other hand, apartments are also showing growth, albeit at a slightly lower rate. The median apartment price is currently $295,000, with an annual growth rate of 2.5%. This suggests that while apartments are appreciating in value, there is a mild divergence in the pace of growth between houses and apartments.
The population of Lanseamour has reached approximately 15,500 residents, with a robust growth rate of 3.3%. Such demographic expansion is typically correlated with increased housing demand, which may continue to fuel the observed positive trends in both the house and apartment markets.
Investment Opportunities and Potential
Lanseamour presents several appealing investment opportunities within its real estate market. Given the overall upward trajectory in housing prices and the solid population increase, investors could anticipate continued demand for residential properties. The trend suggests that buying into the market could yield profitable returns over time through both capital appreciation and rental income.
Investors may particularly find value in targeting houses due to their higher appreciation rate compared to apartments. However, apartments should not be overlooked as they offer more accessible price points and may cater to different segments of the market such as young professionals or smaller families.
The robust population growth further underpins the investment potential in Lanseamour. As more people move into the area, there may be opportunities to develop new housing projects or renovate existing properties to meet changing consumer preferences.
Future Market Outlook
The future market outlook for Lanseamour remains optimistic based on current trends and data. With continuous population growth and sustained interest in property ownership, it is reasonable to expect that both house and apartment markets will maintain their upward momentum.
However, potential investors should remain vigilant regarding local economic factors and national housing policies that could influence market dynamics. It’s also important to consider the relatively small size of Lanseamour’s market which may lead to higher volatility compared to larger urban centers.
In conclusion, while short-term fluctuations are always possible, long-term investment in Lanseamour’s real estate appears promising based on current indicators such as consistent price growth in residential properties and ongoing population increases.
