Lanseauclair, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Lanseauclair, Newfoundland and Labrador, currently presents a stable environment with moderate growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is experiencing healthy appreciation. Similarly, the median apartment price sits at $300,000, with a growth trend of 2.1% year-over-year. These figures indicate a steady rise in property values, which is likely affected by the area’s population growth of 7.1%. This demographic expansion suggests an increasing demand for housing in Lanseauclair.
Investment Opportunities and Potential
The real estate market in Lanseauclair offers attractive investment opportunities for both residential properties and rental units. The consistent growth in property values coupled with significant population expansion creates a favorable scenario for investors looking to capitalize on capital gains and rental income. Given the current trends, single-family homes and apartments are both viable options for investment portfolios. However, investors should consider the higher year-over-year growth rate for houses which may provide greater long-term appreciation potential compared to apartments.
Future Market Outlook
Looking ahead, the future market outlook for Lanseauclair remains optimistic based on current indicators. The robust population growth of 7.1% is likely to continue fueling housing demand, potentially leading to tighter inventory levels and upward pressure on prices if supply does not keep pace. Barring any unforeseen economic changes or shifts in demographic trends, investors and homeowners can reasonably expect sustained growth in property values over the coming years. Nonetheless, it is important for stakeholders to stay informed on local development plans and regional economic policies that could impact the real estate landscape.
