Tilting, 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 Tilting, Newfoundland and Labrador is currently experiencing a steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for houses in the area which could be attributed to the desirable qualities of the community or a general upward trend in the regional housing market.
In contrast, the median apartment price is at $300,000, with a more modest year-over-year growth of 2.1%. This slower growth rate suggests that while there is an increase in apartment valuations, it is not as pronounced as that of houses. It hints at a market where homebuyers may prefer detached homes or where there’s potentially less investment activity in multi-family properties.
With a population of 15,000 and a robust population growth rate of 7.1%, Tilting is experiencing demographic pressures that could further shape the real estate market. An expanding population typically leads to increased demand for housing across all types.
Investment Opportunities and Potential
The growing population and steady upward trend in property values present significant investment opportunities in Tilting. The consistent rise in house prices suggests that investing in residential properties could yield favorable returns, especially if this trend continues as projected.
The moderate growth in apartment prices also presents potential for investors looking for long-term income through rental properties. Given the population growth, demand for all types of housing, including apartments, will likely continue to rise. However, it’s important for investors to conduct thorough market research to identify specific areas within Tilting where apartments may yield higher returns or appreciate more rapidly.
Overall, the real estate market dynamics signal both stability and potential for capital appreciation, making Tilting an attractive location for both individual property buyers and real estate investors.
Future Market Outlook
The future outlook for Tilting’s real estate market appears positive based on current trends and demographic indicators. As long as the population continues to grow at a strong rate, it can be expected that demand for housing will keep driving prices upward.
If the local economy remains stable or improves, contributing to employment opportunities and increased migration to the area, the real estate market should continue its upward trajectory. Monitoring economic drivers such as job creation rates and infrastructure developments will be key to predicting future performance.
Additionally, potential investors should keep an eye on government policies regarding housing development and interest rates as these factors can significantly impact market conditions. For now, with careful investment strategies and consideration of long-term trends, there are opportunities to capitalize on Tilting’s growing real estate market.
