Winterland, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $410,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 14,800 |
| Population Change | 4.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Winterland, Newfoundland and Labrador is currently showing a steady increase in property values. With a 2.8% year-over-year growth in median house price, which now stands at $485,000, the market is experiencing modest growth. Similarly, the apartment sector has seen a 1.5% year-over-year increase, bringing the median apartment price to $295,000. This growth is supported by a notable population increase of 4.7%, hinting at a robust demand for housing in the region.
Investment Opportunities and Potential
Given the current trends, Winterland presents several attractive investment opportunities. The consistent rise in property prices suggests that purchasing real estate now could lead to capital gains in the long term. Investors may find particular value in the apartment market, where lower entry costs combined with a growing population could translate into strong rental demand. Moreover, as the median house price remains below half a million dollars, there is potential for first-time homebuyers or investors looking to enter the market without overextending financially.
Future Market Outlook
The future outlook for Winterland’s real estate market appears promising. The combination of ongoing population growth and steady price increases indicates a continuing demand for housing. Unless significant economic changes occur, such as industry downturns or shifts in demographic trends, Winterland’s real estate market is poised for continued moderate growth. However, investors and potential homeowners should monitor local economic conditions closely as they can impact both property values and rental market dynamics.
