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Outer Cove, NL

Updated: Aug 2016
House
Median price $724,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.67%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Outer Cove Home Price

The median asking price in Outer Cove is $724,900, a substantial increase over the median three months ago which was $724,900 .

Want a cheaply priced house? Then at $724,900 this month, Outer Cove, Newfoundland and Labrador is definitely not for you price wise.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

Across Newfoundland and Labrador Outer Cove has the 71th most properties on offer with 197.

When we look at the data we have, it can help with trying to establish whether or not Outer Cove is a good investment target.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Outer Cove, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 5, this month we show 5.

Can we guarantee how well Outer Cove is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
3 bedrooms $519,900
Demographics
  • Population in 20112098
  • Population in 20061978
  • 2006 to 2011 population change (%)6.1
  • Total private dwellings744
  • Private dwellings occupied by usual residents725
  • Population density per square kilometre123.6
  • Land area (square km)16.98

Age Characteristics

Total population by age groups 2100
0 to 4 years 100
5 to 9 years 115
10 to 14 years 155
15 to 19 years 130
15 years 25
16 years 25
17 years 30
18 years 30
19 years 25
20 to 24 years 115
25 to 29 years 85
30 to 34 years 105
35 to 39 years 120
40 to 44 years 200
45 to 49 years 205
50 to 54 years 190
55 to 59 years 155
60 to 64 years 155
65 to 69 years 105
70 to 74 years 70
75 to 79 years 40
80 to 84 years 30
85 years and over 20
Median age of the population 43.1
% of the population aged 15 and over 82.4

Marital Status

Total population 15 years and over by marital status 1730
Married or living with a common-law partner 1160
Married (and not separated) 1050
Living common-law 110
Not married and not living with a common-law partner 570
Single (never legally married) 435
Separated 15
Divorced 35
Widowed 85

Family Characteristics

Total number of census families in private households 635
Size of census family: 2 persons 265
Size of census family: 3 persons 160
Size of census family: 4 persons 150
Size of census family: 5 or more persons 65
Total number of census families in private households 635
Total couple families by family structure and number of children 570
Married couples 520
Without children at home 200
With children at home 315
1 child 115
2 children 140
3 or more children 55
Common-law couples 55
Without children at home 25
With children at home 30
1 child 15
2 children 10
3 or more children 5
Total lone-parent families by sex of parent and number of children 65
Female parent 50
1 child 30
2 children 20
3 or more children 0
Male parent 15
1 child 10
2 children 5
3 or more children 0
Total children in census families in private households 720
Under six years of age 120
6 to 14 years 245
15 to 17 years 75
18 to 24 years 160
25 years and over 120
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 2100
Number of persons not in census families 170
Living with relatives 55
Living with non-relatives only 20
Living alone 90
Number of census family persons 1935
Average number of persons per census family 3
Total number of persons 65 years and over in private households 260
Number of persons not in census families aged 65 years and over 65
Living with relatives 25
Living with non-relatives only 5
Living alone 40
Number of census family persons aged 65 years and over 195
Total number of private households by household type 725
Census-family households 620
One-family-only households 565
Couple-family households 520
Without children 205
With children 320
Lone-parent-family households 40
Other family households 55
One-family households with persons not in a census family 40
Couple-family households 30
Without children 10
With children 20
Lone-parent-family households 10
Two-or-more-family households 15
Non-census-family households 105
One-person households 90
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 725
Single-detached house 715
Apartment, building that has five or more storeys 0
Movable dwelling 0
Other dwelling 10
Semi-detached house 10
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 725
1 person 90
2 persons 240
3 persons 150
4 persons 165
5 persons 65
6 or more persons 15
Number of persons in private households 2100
Average number of persons in private households 2.9

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