Witless Bay, NL

Updated: Aug 2016
House
Median price $349,900
Monthly growth -5.40 %
Quarterly trend
Stock on market 3.10%
Apartment
Median price $439,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.62%

Witless Bay Home Price

When looking across the province, Witless Bay is the 20th most expensive in Newfoundland and Labrador.

The median house price listed in Witless Bay this month is $349,900.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

There are 197 neighbourhoods that have more properties on sale than Witless Bay at the moment in Newfoundland and Labrador which puts the neighbourhood top 40% when looking at the number of properties to choose from.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Witless Bay is number 59 putting it ahead of most neighbourhoods .

With Witless Bay’s median house price at $439,900 in Aug , it is high priced compared to the rest of Newfoundland and Labrador.

This month we track 4th neighbourhoods in Newfoundland and Labrador, and Witless Bay has the 4th most choice available for real estate investors.

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

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
2 bedrooms $332,400
3 bedrooms $349,900
4 bedrooms $369,900
Demographics
  • Population in 20111179
  • Population in 20061070
  • 2006 to 2011 population change (%)10.2
  • Total private dwellings484
  • Private dwellings occupied by usual residents433
  • Population density per square kilometre67.4
  • Land area (square km)17.49