Maddox Cove, NL

Updated: Jan 2016
House
Median price $410,000
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.55%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Maddox Cove Home Price

Canada’s national median home listing price this month is $299,900, which means that Maddox Cove is in the top 20% for Canada.

With Maddox Cove’s median house price at $410,000 in Jan , it is high priced compared to the rest of Newfoundland and Labrador.

Newfoundland and Labrador has the third least amount of properties available to property investors, with Maddox Cove having 108th most in the province, out of a total of 147.

Is Maddox Cove 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 Maddox Cove there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

When we look at the data we have, it can help with trying to establish whether or not Maddox Cove is a good investment target.

In Maddox Cove, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
3 bedrooms $410,000
Demographics
  • Population in 2011924
  • Population in 2006915
  • 2006 to 2011 population change (%)1
  • Total private dwellings363
  • Private dwellings occupied by usual residents341
  • Population density per square kilometre205.1
  • Land area (square km)4.51