Marysvale, 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 | 0.7% |
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 | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Marysvale, Newfoundland and Labrador, currently presents a stable environment with growth in property values. The median house price in the area is $485,000, which has increased by 3.2% over the past year. Similarly, the median apartment price stands at $295,000, having risen by 2.5% year-over-year.
This steady growth can be attributed to a variety of factors including an influx of population which has grown by 4.8%, reaching a total of 15,200 residents. The demand for housing is likely being driven by this increase in population along with broader economic factors and regional development initiatives.
Investment Opportunities and Potential
Marysvale’s real estate market provides promising investment opportunities given its current trajectory. The consistent rise in property values indicates a healthy appreciation rate that could benefit long-term investors. The single-family housing market, with its higher growth rate of 3.2%, offers potential for solid returns on investment as demand continues to rise alongside population growth.
Apartments also represent a valuable investment option, especially for those looking to enter the market at a lower price point or aiming to cater to individuals who prefer more affordable housing options or are not ready to invest in standalone properties.
The area’s increasing population suggests that rental properties could also see an increase in demand, making this another avenue for investors to explore. The potential for new developments and construction projects may arise as the local economy responds to demographic changes and seeks to accommodate its growing populace.
Future Market Outlook
The future outlook for Marysvale’s real estate market appears optimistic based on current trends and statistical data. With the continued population growth of 4.8%, it is reasonable to expect ongoing demand for residential properties which should help sustain property value increases.
Economic stability and potential regional development projects could further stimulate the local real estate market, potentially leading to greater investment opportunities and stronger market performance across all property types.
In anticipation of these trends continuing, investors may find Marysvale an attractive location for both immediate and long-term real estate ventures. However, as with any investment decision, it is crucial for investors to conduct thorough due diligence and consider local market dynamics before committing capital.
