Lascie, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Lascie, Newfoundland and Labrador, the real estate market is experiencing a period of moderate growth. The median house price currently stands at $485,000, with a year-over-year increase of 2.8%. This indicates a steady, albeit not explosive, growth trajectory for single-family homes in the area.
Similarly, the median apartment price has risen to $295,000, climbing at a slower pace with a 1.9% year-over-year increment. These figures suggest a more modest appreciation in the apartment sector compared to houses.
The local population has grown to 15,200 residents, marking a significant growth rate of 4.8%. This demographic trend is likely to underpin continued demand for housing in the region.
Investment Opportunities and Potential
The consistent rise in property values coupled with robust population growth presents attractive investment opportunities in Lascie. The comparatively lower median price of apartments indicates a potential entry point for investors looking to cater to singles, couples, or small families who may be priced out of the detached home market or prefer the amenities that apartment living can offer.
The steady growth in house prices suggests that investing in residential properties could yield stable returns over time. Investors should also consider the potential for rental properties due to increased demand driven by population growth.
Moreover, as remote work becomes more prevalent, areas like Lascie may attract individuals seeking more affordable living outside urban centers. This shift could further enhance investment prospects in local real estate.
Future Market Outlook
The future outlook for Lascie’s real estate market remains optimistic. The sustained increase in property values demonstrates resilience and potential for long-term gains. With ongoing population growth, demand for housing is anticipated to remain robust.
If current trends persist, we can expect continued moderate appreciation of property values across both houses and apartments. However, it’s important for investors and homeowners to stay informed on regional economic developments and infrastructure investments that could impact the market dynamics.
The potential influx of newcomers seeking lifestyle changes post-pandemic may also contribute positively to the local real estate market. Strategic investments that align with demographic shifts and consumer preferences are likely to be rewarded as Lascie continues to grow and develop.
