Trending

Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.

Ads Google

New Chelsea, NL

Updated: Aug 2016
House
Median price $88,100
Monthly growth
Quarterly trend
Stock on market 0.61%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

New Chelsea Home Price

When looking across the province, New Chelsea is the 187th most expensive in Newfoundland and Labrador.

New Chelsea, Newfoundland and Labrador has a median house price of $88,100 when compiling all the home listings in Aug .

There are 197 neighbourhoods that have more properties on sale than New Chelsea at the moment in Newfoundland and Labrador which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for New Chelsea will hopefully provide an indicator to help you where to research in-depth

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in New Chelsea there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

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

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)
3 bedrooms $84,900
Demographics
  • Population in 2011546
  • Population in 2006582
  • 2006 to 2011 population change (%)-6.2
  • Total private dwellings327
  • Private dwellings occupied by usual residents238
  • Population density per square kilometre3.1
  • Land area (square km)174.29

Age Characteristics

Total population by age groups 545
0 to 4 years 20
5 to 9 years 25
10 to 14 years 20
15 to 19 years 20
15 years 5
16 years 0
17 years 5
18 years 5
19 years 5
20 to 24 years 15
25 to 29 years 25
30 to 34 years 25
35 to 39 years 35
40 to 44 years 35
45 to 49 years 45
50 to 54 years 45
55 to 59 years 45
60 to 64 years 50
65 to 69 years 45
70 to 74 years 30
75 to 79 years 30
80 to 84 years 20
85 years and over 15
Median age of the population 51.2
% of the population aged 15 and over 88.5

Marital Status

Total population 15 years and over by marital status 485
Married or living with a common-law partner 335
Married (and not separated) 305
Living common-law 30
Not married and not living with a common-law partner 150
Single (never legally married) 85
Separated 5
Divorced 20
Widowed 35

Family Characteristics

Total number of census families in private households 185
Size of census family: 2 persons 115
Size of census family: 3 persons 35
Size of census family: 4 persons 30
Size of census family: 5 or more persons 5
Total number of census families in private households 180
Total couple families by family structure and number of children 165
Married couples 150
Without children at home 90
With children at home 60
1 child 30
2 children 25
3 or more children 0
Common-law couples 15
Without children at home 10
With children at home 5
1 child 0
2 children 5
3 or more children 5
Total lone-parent families by sex of parent and number of children 20
Female parent 15
1 child 10
2 children 0
3 or more children 0
Male parent 5
1 child 5
2 children 5
3 or more children 0
Total children in census families in private households 120
Under six years of age 25
6 to 14 years 40
15 to 17 years 10
18 to 24 years 25
25 years and over 30
Average number of children at home per census family 0.6

Household And Dwelling Characteristics

Total number of persons in private households 545
Number of persons not in census families 70
Living with relatives 15
Living with non-relatives only 5
Living alone 50
Number of census family persons 475
Average number of persons per census family 2.6
Total number of persons 65 years and over in private households 145
Number of persons not in census families aged 65 years and over 30
Living with relatives 5
Living with non-relatives only 0
Living alone 25
Number of census family persons aged 65 years and over 110
Total number of private households by household type 240
Census-family households 180
One-family-only households 170
Couple-family households 155
Without children 95
With children 65
Lone-parent-family households 15
Other family households 15
One-family households with persons not in a census family 10
Couple-family households 5
Without children 5
With children 5
Lone-parent-family households 5
Two-or-more-family households 5
Non-census-family households 60
One-person households 50
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 235
Single-detached house 235
Apartment, building that has five or more storeys 0
Movable dwelling 0
Other dwelling 0
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 240
1 person 55
2 persons 110
3 persons 40
4 persons 35
5 persons 0
6 or more persons 5
Number of persons in private households 545
Average number of persons in private households 2.3

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

Useful Links

Advertisement

Website Managed By

© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media