Chapel Arm, NL

Updated: Aug 2016
House
Median price $149,900
Monthly growth 87.60 %
Quarterly trend
Stock on market 1.35%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Chapel Arm Home Price

The median asking price in Chapel Arm is $149,900, less than the median three months ago which was $107,900 .

When our research team crunched the numbers we calculated that Chapel Arm has a median home price of $149,900.

This month we track 98th neighbourhoods in Newfoundland and Labrador, and Chapel Arm has the 98th most choice available for real estate investors.

Can we guarantee how well Chapel Arm is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Chapel Arm 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.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
3 bedrooms $113,950
Demographics
  • Population in 2011468
  • Population in 2006451
  • 2006 to 2011 population change (%)3.8
  • Total private dwellings222
  • Private dwellings occupied by usual residents192
  • Population density per square kilometre16.6
  • Land area (square km)28.17