Trending

Listings declined by 12% from Q4-2020 and brought the ratio of quarterly condo leases-to-listings to 61%—the highest since the COVID-19 pandemic struck in March of last year.

Norman's Cove, NL

Updated: Aug 2016
House
Median price $229,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 1.23%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Norman's Cove Home Price

Across the country as a whole, Norman's Cove is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

In Aug the median listed house price of $229,900 in Norman's Cove was an above average compared to the rest of Newfoundland and Labrador.

Newfoundland and Labrador has the second least amount of properties available to property investors, with Norman's Cove having 86th most in the province, out of a total of 197.

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

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 Norman's Cove have increased which would tend to indicate that demand is not as high as supply.

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

Over the last three months in Norman's Cove, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
2 bedrooms $199,900
Demographics
  • Population in 2011720
  • Population in 2006773
  • 2006 to 2011 population change (%)-6.9
  • Total private dwellings324
  • Private dwellings occupied by usual residents286
  • Population density per square kilometre36
  • Land area (square km)19.98

Age Characteristics

Total population by age groups 720
0 to 4 years 25
5 to 9 years 25
10 to 14 years 35
15 to 19 years 50
15 years 10
16 years 10
17 years 10
18 years 10
19 years 10
20 to 24 years 35
25 to 29 years 25
30 to 34 years 35
35 to 39 years 30
40 to 44 years 35
45 to 49 years 55
50 to 54 years 65
55 to 59 years 80
60 to 64 years 55
65 to 69 years 65
70 to 74 years 35
75 to 79 years 20
80 to 84 years 20
85 years and over 15
Median age of the population 50.3
% of the population aged 15 and over 88.1

Marital Status

Total population 15 years and over by marital status 635
Married or living with a common-law partner 420
Married (and not separated) 360
Living common-law 65
Not married and not living with a common-law partner 210
Single (never legally married) 135
Separated 15
Divorced 20
Widowed 50

Family Characteristics

Total number of census families in private households 240
Size of census family: 2 persons 145
Size of census family: 3 persons 45
Size of census family: 4 persons 35
Size of census family: 5 or more persons 10
Total number of census families in private households 240
Total couple families by family structure and number of children 210
Married couples 180
Without children at home 110
With children at home 70
1 child 30
2 children 25
3 or more children 10
Common-law couples 30
Without children at home 15
With children at home 15
1 child 10
2 children 5
3 or more children 5
Total lone-parent families by sex of parent and number of children 30
Female parent 20
1 child 15
2 children 0
3 or more children 5
Male parent 10
1 child 5
2 children 5
3 or more children 0
Total children in census families in private households 190
Under six years of age 30
6 to 14 years 55
15 to 17 years 25
18 to 24 years 45
25 years and over 30
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 720
Number of persons not in census families 85
Living with relatives 25
Living with non-relatives only 10
Living alone 45
Number of census family persons 635
Average number of persons per census family 2.6
Total number of persons 65 years and over in private households 165
Number of persons not in census families aged 65 years and over 45
Living with relatives 10
Living with non-relatives only 5
Living alone 35
Number of census family persons aged 65 years and over 115
Total number of private households by household type 285
Census-family households 230
One-family-only households 205
Couple-family households 185
Without children 110
With children 70
Lone-parent-family households 20
Other family households 25
One-family households with persons not in a census family 15
Couple-family households 15
Without children 5
With children 5
Lone-parent-family households 5
Two-or-more-family households 10
Non-census-family households 55
One-person households 45
Two-or-more-person households 10
Total number of occupied private dwellings by structural type of dwelling 285
Single-detached house 275
Apartment, building that has five or more storeys 0
Movable dwelling 0
Other dwelling 10
Semi-detached house 0
Row house 10
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 285
1 person 45
2 persons 130
3 persons 50
4 persons 45
5 persons 10
6 or more persons 5
Number of persons in private households 720
Average number of persons in private households 2.5

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