Lascie, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $410,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| 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 currently experiencing steady growth. The median house price stands at $485,000, reflecting a year-over-year increase of 3%. This indicates a stable market that is attractive to both homeowners and investors. The median apartment price is also on the rise, currently at $295,000, which is a 2% year-over-year increase. The consistent growth in housing prices suggests a solid investment potential for residential properties in Lascie.
The population of Lascie has grown by 4.8%, suggesting an increasing demand for housing. This demographic trend could likely lead to continued appreciation in property values due to higher demand from a growing population base.
Investment Opportunities and Potential
The increasing trends in house and apartment prices signal favorable conditions for real estate investment in Lascie. Given the population growth rate, there is potential for both rental and resale markets. Investors may find opportunities in purchasing residential properties to cater to the influx of new residents or those looking to upgrade their living spaces.
The steady increase in property values also presents an opportunity for long-term capital gains. As more people move to Lascie, demand for quality housing options is expected to rise, potentially driving up rental yields as well as property resale values.
Future Market Outlook
The future outlook for the real estate market in Lascie appears positive. With a healthy population growth rate and consistent increases in property values, the market is poised for sustainable growth. If current trends continue, investors can expect ongoing appreciation in property values.
However, it is important for investors to be mindful of economic conditions that may impact the real estate market indirectly, such as employment rates and regional economic development initiatives that could further influence market dynamics.
In conclusion, Lascie’s real estate market offers promising opportunities for both short-term gains through rental income and long-term returns via capital appreciation. With careful analysis and strategic investment choices, stakeholders can capitalize on this growing market.
