Stoneville, 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 | 0.8% |
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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| 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 experiencing a period of moderate growth. With a median house price sitting at $485,000, there has been a steady increase in value, showing a 3.2% year-over-year growth trend. This demonstrates a robust and consistent demand for housing in the area. Similarly, the median apartment price is now $295,000, which also indicates a positive trend with a 2% increase over the past year.
The population of Stoneville has witnessed a healthy growth rate of 2.7%, indicating an influx of residents that could be attributed to various factors such as employment opportunities, lifestyle preferences or immigration. This demographic shift suggests sustained demand for housing will continue, potentially exerting upward pressure on real estate prices due to increased competition for available properties.
Investment Opportunities and Potential
Investment opportunities within Stoneville’s real estate market appear promising. The consistent growth in property values coupled with the increasing population suggests that there is potential for both capital appreciation and rental income for investors who enter the market. Given the current trends, investing in residential properties could yield favorable returns as demand continues to rise. Additionally, the more modest increase in apartment prices offers an accessible entry point for investors looking to capitalize on the rental market catering to smaller households or individuals.
Future Market Outlook
Looking ahead, the future market outlook for Stoneville remains optimistic. The current trends suggest that property values are likely to continue their upward trajectory albeit at a measured pace. With population growth remaining positive, it can be anticipated that the demand for housing will persist, supporting both resale values and rental rates.
However, potential investors and homebuyers should monitor local economic developments and any changes in provincial or federal housing policies that may impact the real estate market dynamics. As with any investment decision, due diligence and an awareness of broader economic conditions are crucial when considering real estate investments in Stoneville.
