Lower Island Cove, NL

Updated: Aug 2016
House
Median price $179,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.22%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Lower Island Cove Home Price

In Aug the median listed house price of $179,900 in Lower Island Cove was a below average compared to the rest of Newfoundland and Labrador.

Newfoundland and Labrador has the second least amount of properties available to property investors, with Lower Island Cove having 98th most in the province, out of a total of 197.

As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Lower Island Cove 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.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lower Island Cove have stayed pretty much the same which would tend to indicate that demand is steady.

It’s never an exact art, but to try to forecast how property is going to appreciate in Lower Island Cove for investors, it’s important to look at data like:

Beds Median price (House) Median price (Apartment)
4 bedrooms $124,000
Demographics
  • Population in 20112017
  • Population in 20062218
  • 2006 to 2011 population change (%)-9.1
  • Total private dwellings1359
  • Private dwellings occupied by usual residents899
  • Population density per square kilometre6.5
  • Land area (square km)308.54