Bay de Verde, NL

Updated: Aug 2016
House
Median price $49,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 1.45%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Bay de Verde Home Price

Across the country as a whole, Bay de Verde is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

The median house price listed in Bay de Verde this month is $49,900.

From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.

Will prices rise across the next year in in Bay de Verde? There are a number of real estate indicators to consider.

Over the last three months in Bay de Verde, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Bay de Verde needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bay de Verde there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Demographics
  • Population in 2011398
  • Population in 2006470
  • 2006 to 2011 population change (%)-15.3
  • Total private dwellings207
  • Private dwellings occupied by usual residents170
  • Population density per square kilometre30
  • Land area (square km)13.28