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 | $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 Wiltondale, Newfoundland and Labrador, is currently experiencing a period of moderate growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This uptick suggests a steady demand for housing in the region, with prices reflecting a healthy market that is neither overheated nor stagnant.
In contrast, the apartment sector shows a more modest growth trend. The median apartment price is $300,000, with a smaller year-over-year growth rate of 2.1%. This may indicate that the apartment market is more accessible to buyers but is not appreciating as rapidly as single-family homes.
The population of Wiltondale stands at approximately 15,000 residents, with a robust population growth rate of 7.1%. This significant increase in residents may continue to drive demand for both houses and apartments in the coming years.
Investment Opportunities and Potential
The current trends suggest that investment opportunities in Wiltondale are promising. Considering the steady rise in median house prices, investing in residential properties could yield favorable returns. The 3.5% year-over-year growth rate demonstrates resilience in the housing market and potential for continued appreciation.
Apartments offer an alternative investment opportunity with a different risk profile. With a lower entry price and slower appreciation rate, they may appeal to investors seeking more affordable options or those looking to cater to renters who cannot afford to purchase homes.
The strong population growth serves as an indicator of future demand for housing and could further enhance investment potential. Investors should consider both current market conditions and demographic trends when evaluating real estate opportunities in Wiltondale.
Future Market Outlook
The future market outlook for Wiltondale’s real estate appears optimistic. Given the stable growth in house prices and the significant population increase, it’s likely that demand for housing will continue to rise. However, external factors such as economic conditions, interest rates, and regional development projects can also influence future market dynamics.
If current trends persist, investors can expect continued moderate appreciation of property values over time. It’s essential for investors to stay informed on local developments that could impact the real estate market and adjust their strategies accordingly.
To summarize, Wiltondale presents an attractive market for potential real estate investors with its growing population and consistent property value appreciation. As always, due diligence is recommended before making any investment decisions to ensure alignment with individual financial goals and risk tolerance levels.
