Spaniard's Bay, NL

Updated: Aug 2016
House
Median price $199,900
Monthly growth 11.11 %
Quarterly trend
Stock on market 2.93%
Apartment
Median price $23,500
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.27%

Spaniard's Bay Home Price

Across the nation CREW lists data for 5162 neighbourhoods, and this month Spaniard's Bay is number 2860 putting it in the bottom half of the country .

In Aug the median listed house price of $199,900 in Spaniard's Bay was an above average compared to the rest of Newfoundland and Labrador.

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

This month we track 16th neighbourhoods in Newfoundland and Labrador, and Spaniard's Bay has the 16th most choice available for real estate investors.

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

In Spaniard's Bay, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

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

Want a cheaply priced house? Then at $23,500 this month, Spaniard's Bay, Newfoundland and Labrador do not consider price wise.

Newfoundland and Labrador has the fourth least amount of properties available to property investors, with Spaniard's Bay having 4th most in the province, out of a total of 13.

Will prices rise across the next year in in Spaniard's Bay? There are a number of real estate indicators to consider.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Spaniard's Bay, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.

Beds Median price (House) Median price (Apartment)
2 bedrooms $84,900
3 bedrooms $212,450
4 bedrooms $237,000
5 bedrooms $364,700
Demographics
  • Population in 20112622
  • Population in 20062540
  • 2006 to 2011 population change (%)3.2
  • Total private dwellings1093
  • Private dwellings occupied by usual residents1010
  • Population density per square kilometre39.9
  • Land area (square km)65.73