Winterland, 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 | 0.6% |
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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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, reflects a stable environment with moderate growth. The median house price in the region stands at $485,000, which marks a 3.2% increase compared to the previous year, indicating a consistently appreciating housing market. Similarly, apartments have seen a rise in value, with the median price reaching $295,000 and experiencing a 2.5% year-over-year growth.
This increment indicates a healthy demand for housing, supported by Winterland’s population growth of 3.3%. This demographic expansion suggests continued demand for housing and can be attributed to factors such as regional economic development, an influx of migrants or job seekers, and potentially favorable living conditions that attract new residents.
Investment Opportunities and Potential
Given the steady population increase and consistent property value appreciation, Winterland presents appealing investment opportunities. Investors can benefit from the town’s growing market that shows potential for sustained rental demand and long-term capital gains.
The moderate rise in property prices suggests that the real estate market is not overheated, reducing the risk of a bubble and providing a relatively safe investment climate. Furthermore, with apartment prices showing increments at a slightly lower rate than houses (2.5% versus 3.2%), investors might find particular opportunities in the multi-family residential sector for both rental income and resale value growth.
Future Market Outlook
The outlook for Winterland’s real estate market remains positive. With an above-average population growth rate of 3.3%, demand for housing is likely to persist. This demographic trend will likely continue to exert upward pressure on both prices and rental rates.
Anticipating future infrastructure projects or economic initiatives that could attract more people to Winterland may further bolster this outlook. Investors should monitor local developments closely as they could significantly impact the future property values and investment ROI.
In conclusion, while national or global economic shifts can affect local markets unpredictably, current trends suggest that Winterland’s real estate market is poised for continued growth in both the short and medium-term horizon.
