Thornleabellevue, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Thornleabellevue, Newfoundland and Labrador is currently experiencing a period of steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a healthy demand for housing and a competitive market environment. Similarly, the median apartment price stands at $300,000, with a slightly lower year-over-year trend of 2.1%. The population in Thornleabellevue has grown by 7.1% to reach 15,000 residents, suggesting an expanding community that is likely contributing to the increased housing demand.
Investment Opportunities and Potential
Investors considering Thornleabellevue will find promising opportunities due to the consistent growth in property values. The stable increase in house prices demonstrates long-term potential for capital gains. Apartments offer a more affordable entry point into the market and are particularly appealing given the growing population and potential for rental income. As the town continues to expand, there may also be opportunities in new housing developments or renovations of existing properties to cater to the increasing demand.
Future Market Outlook
The future outlook for Thornleabellevue’s real estate market remains optimistic. The continued population growth paired with consistent increases in property values suggests that demand for housing will persist. Assuming economic conditions remain favourable, we can expect the market to maintain its upward trajectory. However, investors should remain vigilant about local economic developments and infrastructure projects that could influence the market dynamics going forward.
