Gander, NL

Updated: Aug 2016
House
Median price $264,200
Monthly growth 1.65 %
Quarterly trend
Stock on market 1.47%
Apartment
Median price $680,000
Monthly growth
Quarterly trend
Stock on market 0.04%

Gander Home Price

The median asking price in Gander is $264,200, an improvement on the median three months ago which was $268,750 .

With Gander’s median house price at $264,200 in Aug , it is above average compared to the rest of Newfoundland and Labrador.

If you’re looking at investment properties in Gander, then you’re most likely to find homes with 3 bedrooms on sale this month.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Gander has a huge choice compared to the rest of the province

Is Gander a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gander there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

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

When our research team crunched the numbers we calculated that Gander has a median home price of $680,000.

Newfoundland and Labrador has the fourth least amount of properties available to property investors, with Gander having 12th most in the province, out of a total of 13.

Can we guarantee how well Gander 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 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)
2 bedrooms $218,000
3 bedrooms $245,000
4 bedrooms $309,000
5 bedrooms $295,000
Demographics
  • Population in 201111054
  • Population in 20069951
  • 2006 to 2011 population change (%)11.1
  • Total private dwellings4751
  • Private dwellings occupied by usual residents4517
  • Population density per square kilometre106
  • Land area (square km)104.25