Valleyfield, 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 | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Valleyfield, Newfoundland and Labrador, the real estate market is currently experiencing moderate growth. With a median house price of $485,000 and a year-over-year increase of 3.2%, the market is showing healthy, stable expansion. Similarly, the median apartment price stands at $295,000, with a slightly lower growth rate of 2.5% year-over-year. These figures suggest a balanced market that is growing in line with or slightly above inflation rates.
The population of Valleyfield has also seen an uptick, growing by 3.3% to reach 15,500 residents. This growth can be attributed to several factors including local economic development, attractive lifestyle options, and the region’s natural beauty which is drawing new residents to the area.
Investment Opportunities and Potential
The steady increase in property values coupled with ongoing population growth indicates strong investment opportunities in Valleyfield. Investors can expect continued demand for both housing and rental properties as more individuals relocate to the area seeking employment and quality of life improvements.
Given the current trends, investing in residential properties could yield significant returns over time. The relatively low entry point for apartments presents an opportunity for first-time investors or those looking to diversify their portfolios with real estate holdings.
Future Market Outlook
The future market outlook for Valleyfield remains optimistic based on current data trends. The consistent population growth suggests that demand for housing will continue to rise, potentially pushing property prices upward at a steady pace. Furthermore, as the local economy diversifies and strengthens, this could drive further increases in real estate value.
However, potential investors should be cognizant of broader economic conditions and any local policy changes that may impact the real estate market. Keeping an eye on interest rates and employment rates will also be crucial for predicting future trends in Valleyfield’s housing market.
