Valleyfield, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.9% |
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 | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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
The real estate market in Valleyfield, Newfoundland and Labrador, is currently experiencing a steady growth. The median house price in the region is at $485,000, showing a year-over-year increase of 3%. This indicates a consistent upward trend in property values, suggesting a stable market that has been attractive to homeowners and investors alike.
Similarly, the median apartment price stands at $295,000, with an annual increase of 2.5%. While this growth rate is slightly lower than that of houses, it still represents positive momentum in the multi-family housing segment. The ongoing demand for both houses and apartments can be partly attributed to the area’s population growth of 4.8%, which is significantly higher than national averages, inferring an influx of new residents and potential buyers.
Investment Opportunities and Potential
The current trends offer several investment opportunities in Valleyfield. With house prices gradually increasing, purchasing residential properties for long-term capital appreciation seems promising. Investors may find the market particularly appealing due to the sustained population growth that could drive demand for rental properties.
In addition to residential investments, there may also be potential in commercial real estate given the increasing population might lead to greater demand for services and retail spaces. Investors should also consider exploring development projects that cater to the needs of a growing community such as new housing developments or mixed-use complexes.
Future Market Outlook
The future market outlook for Valleyfield appears positive. Assuming current trends continue, property values are expected to maintain their upward trajectory. The robust population growth suggests that the demand for housing will persist, supporting the market’s stability and potential for further expansion.
Economic factors such as employment rates, interest rates, and regional economic development initiatives will play crucial roles in shaping the future of Valleyfield’s real estate landscape. Provided that these factors remain favorable, investors and homeowners can look forward to a resilient market with opportunities for both short-term gains and long-term investments.
In conclusion, Valleyfield’s real estate market holds promise due to its steady price growth and strong population increase. Stakeholders are encouraged to monitor local economic indicators closely as they continue to influence real estate dynamics within this region.
