Tors Cove, NL

Updated: Aug 2016
House
Median price $199,900
Monthly growth 42.88 %
Quarterly trend
Stock on market 0.73%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Tors Cove Home Price

When looking across the province, Tors Cove is the 91th most expensive in Newfoundland and Labrador.

While the median for Newfoundland and Labrador is $209,000 , which means that Tors Cove’s median price is $199,900 below average than the rest of the province.

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

Across Newfoundland and Labrador Tors Cove has the 57th most properties on offer with 197.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Tors Cove there is more stock than three months ago. This would indicate pressure on prices easing.

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

If you are looking at investment properties in Tors Cove, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Beds Median price (House) Median price (Apartment)
3 bedrooms $198,700
Demographics
  • Population in 20111489
  • Population in 20061620
  • 2006 to 2011 population change (%)-8.1
  • Total private dwellings956
  • Private dwellings occupied by usual residents624
  • Population density per square kilometre2
  • Land area (square km)754.37