Burin, NL

Updated: Aug 2016
House
Median price $209,450
Monthly growth 10.29 %
Quarterly trend
Stock on market 1.40%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Burin Home Price

In Aug the median listed house price of $209,450 in Burin was an above average compared to the rest of Newfoundland and Labrador.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

This month we track 31th neighbourhoods in Newfoundland and Labrador, and Burin has the 31th most choice available for real estate investors.

Newfoundland and Labrador has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Burin, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 16.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
2 bedrooms $159,450
3 bedrooms $189,450
4 bedrooms $219,900
Demographics
  • Population in 20112424
  • Population in 20062483
  • 2006 to 2011 population change (%)-2.4
  • Total private dwellings1140
  • Private dwellings occupied by usual residents983
  • Population density per square kilometre71.2
  • Land area (square km)34.05