Newfoundland real estate

If you are planning to move to Newfoundland, you have made the right decision. This is one of the best provinces to live in Canada because of the affordability and high quality of life. In terms of the best places to live in the province, Conception Bay is one of the top choices for experts and professionals in Newfoundland real estate.

Newfoundland Real Estate: Living in Conception Bay

There are three general areas for you to choose from when planning where to live in Conception Bay: the South, North, and Central regions. Which of these three is the best option for you? Learn more about each of them to help you make the right decision.

Conception Bay South

Conception Bay South is known to offer some of the best weather in the province. It is located on the Northeast Avalon Peninsula and at the southern portion of Conception Bay. This area is situated about 20 km from the capital of the province, St. John’s. Residents of Conception Bay South enjoy natural beauty and scenery which includes miles of coastline and some of the most gorgeous sunsets in Newfoundland. Occasionally, you might even be able to spot a Blue fin tuna or whale!

It is one of the newer towns in Conception Bay since it was founded in 1973. The population of this town is approximately 26,199 (as of the 2016 census). There are nine communities within Conception Bay South

  • Chamberlains

  • Foxtrap

  • Manuals

  • Long Pond

  • Kelligrews

  • Topsail

  • Lawrence Pond

  • Seal Cove

  • Upper Gullies

This area is known for its modern port and prime commercial amenities. It also boasts an excellent highway infrastructure. The residents also have access to various shopping centers, and with a short drive, there is more big box and boutique shopping available. 

When it comes to real estate in Conception Bay South, there are plenty of established neighborhoods. The average home price in Conception Bay South is $329.900. The average cost of the properties in the area is $177 per square foot. The real estate industry in Conception Bay is fast moving with an average DOM (days on market) for every listed property of 55 days. 

There is also a good mix of properties to choose from for those looking to invest in Newfoundland real estate properties in Conception Bay South, such as single family homes, condos, town homes, and apartments. 

investing in newfoundland real estate

Conception Bay North

Conception Bay North is another area to consider for those who want to move to Conception Bay in Newfoundland. This town is within a 30-minute drive of nearby communities, including Bay Roberts. As of the 2016 census, the population of Conception Bay North is 3,130. This means that the area has seen a population decline rate of 7.9% since 2011. 

The region of Conception Bay North in the province of Newfoundland and Labrador is made up of 11 thriving communities. These communities are the following: 

  • Brigus – home to historic residential properties and churches that are over 200 years old

  • Bay Roberts – one of the busiest districts in the region

  • Cupids – home of the first English settlement in Canada

  • Clarke Beach – a coastal town with a long cobble beach and a productive marine zone

  • Carbonear – first settled in the 1600s and reflects the history and tradition of this town

  • Harbour Grace – a beautiful waterfront community with over 500 years of history

  • North River

  • South River – a quiet town with a small population and part of the Baccalieu Trail

  • Victoria – a town that sits on a scenic evergreen valley and was settled by fishermen in the 1800s

  • Upper Island Cove 

  • Spaniard’s Bay – a beautiful coastal town that is vibrant, yet offers a small town atmosphere

Conception Bay North is also known as the home of the Brigus Blueberry Festival. A few other notable attractions in this town include the Kent Cottage, the Baccalieu Players, and the Hawthorne Cottage National Historic Site. Residents who are interested in learning about the history and culture of this region can head to the Cupids archeological site. This attraction has displays and exhibits about the history of the area. 

The business service center of Conception Bay North is the town of Carbonear. The latter is known for the nickname “Hub of the Bay.” This is one of the oldest settlements in the town and also in the province of Newfoundland and Labrador. 

As one of the thriving destinations for Newfoundland real estate, prospective home buyers might be curious to know the average home prices in Conception Bay North. According to data from the NL Association of Realtors, the average home sales price in the region has hit as high as $290,250. 

As of January 2021, the home prices have dropped to $191,450. The latest data on the home sale price in Conception Bay North, Newfoundland is impacted by the drop of sales activity. Since January 2021, the number of residential properties sold in the area has dropped from 23 to 4. 

For property investors, this is a good opportunity to exploit the declining home prices in the market. With average residential properties prices in Conception Bay North hitting its lowest since July 2017, this is the best time to invest in real estate in the area. 

Newfoundland real estate properties

Conception Bay Central

The last region that comprises the Conception Bay area in Newfoundland is the Central region. It is home to a few thriving communities such as the following: 

  • Avondale

  • Conception Harbour

  • Colliers

  • Cove-Lakeview

The region of Conception Bay Central is located less than an hour from the city of St. John’s. It is a picturesque region that offers a variety of natural features and views. It is also notable for its rich history of skilled trade professions such as welders, ironworkers, and boilermakers. The commuter history of these ironworkers reflects the migrant lifestyle of the skilled trade workers in the province today. 

In terms of the status of Newfoundland real estate in Conception Bay Central, the average home sales price is $172,000. The average cost per square foot per property sold is $154. There is a wide range of properties that are available for listing in the region’s real estate market including vacant lands, single family homes, retail spaces, and recreational properties. 

Posted by Teri-Lynn Jones on
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