Stoneville, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| 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 | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Stoneville, Newfoundland and Labrador
The real estate market in Stoneville, Newfoundland and Labrador is currently characterized by a steady increase in property values. The median house price stands at $495,000, which marks a year-over-year growth of 3.2%. Similarly, the apartment sector has witnessed a rise with the median price reaching $295,000, reflecting a 2.5% increase from the previous year.
This growth is underpinned by Stoneville’s notable population expansion of 3.3%, bringing the total number of residents to approximately 15,500. This demographic trend is likely contributing to sustained demand for housing within the community.
Investment Opportunities and Potential in Stoneville
The positive growth trends in Stoneville’s real estate market present attractive opportunities for investors. The consistent appreciation in house and apartment prices indicates a robust market with potential for capital gains over time. Investment properties or developments could tap into this upward trajectory, especially considering the increasing local population and associated demand for housing.
In addition to residential properties, the increasing population may also drive demand for retail spaces, services, and infrastructure projects, offering diverse investment opportunities beyond direct real estate purchases.
Future Market Outlook for Stoneville’s Real Estate
The outlook for the real estate market in Stoneville appears optimistic. Given the steady population growth coupled with progressive property value increases, it is reasonable to anticipate continued demand for housing which will likely support further market expansion.
However, as an analyst one must also remain vigilant about external economic factors which could affect local conditions. These include interest rate changes, employment rates within Newfoundland and Labrador, and broader national economic trends that may influence buyer sentiment and purchasing power.
To sum up, while current indicators suggest a favorable forecast for Stoneville’s real estate market, investors should maintain a strategy that accounts for both data-driven optimism and prudent risk management.
