Wiltondale, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 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 Wiltondale, Newfoundland and Labrador is experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the residential sector demonstrates robust health. Similarly, the apartment segment is also showing positive dynamics with a median price point of $300,000 and a growth trend of 2.1% year-over-year.
The local population has seen a significant increase of 7.1%, indicating a growing demand for housing in the area. This demographic expansion suggests that the market is likely to remain active, with more people seeking homes leading to potential upward pressure on prices due to increased competition.
Investment Opportunities and Potential
Given the solid price appreciation trends in both houses and apartments, Wiltondale offers promising investment opportunities. Investors could benefit from capital gains over time due to the consistent upward trajectory in property values. The strong population growth further underpins the potential for rental properties as there is likely an enlarging pool of residents looking for housing.
The current market conditions suggest that investing in apartments may be particularly appealing due to their lower entry price point at $300,000 compared to houses. The steady growth rate in apartment values indicates a sustainable investment with potential for both rental income and appreciation.
Future Market Outlook
The outlook for Wiltondale’s real estate market appears optimistic. Population growth is one of the strongest indicators of future housing demand, and with an impressive increase of 7.1%, it can be anticipated that this trend will continue to drive the real estate market forward.
If current economic conditions persist, we can expect ongoing appreciation in property values at similar or potentially greater rates. However, investors should also stay informed about local economic developments, changes in housing policies, and other external factors that could impact the market’s trajectory.
Overall, Wiltondale presents as a stable market with good potential for both short-term investors looking at rental opportunities and long-term investors focused on capital gains.
