Turner Realty
Royal LePage
Comprehensive monthly market statistics for Happy Valley-Goose Bay and the Lake Melville region — tracking sale prices, units sold, days on market, and sale-to-ask ratios. Updated daily with verified data from the Newfoundland & Labrador Association of REALTORS®.
Source: NLAR MLS® System · Coverage: Happy Valley-Goose Bay residential resale, MLS® transactions only
The total number of homes that closed during this period. Happy Valley-Goose Bay is a smaller market than most Canadian cities — individual sales have a bigger impact on averages.
These arrows compare this year to the same period last year using the same calendar window — so the comparison is fair and not affected by seasonal timing.
Months of supply is how long it would take to sell every home currently for sale at the recent pace of sales. Under 5 months is a seller's market — tight supply, firm prices. Seven months or more favours buyers. Happy Valley-Goose Bay is in balanced-market territory.
Average sale price and total residential sales from 2021 through early 2026.
| Year | Avg Sale Price | Sales | Price Change |
|---|---|---|---|
| 2021 | $292,000 | 36 | — |
| 2022 | $324,000 | 45 | +11.0% |
| 2023 | $329,000 | 38 | +1.5% |
| 2024 | $278,000 | 53 | -15.5% |
| 2025 | $323,903 | 65 | +16.5% |
| 2026 YTD | $327,200 | 22 | +1.0% |
How the HVGB market has evolved over recent years. Population stability from 5 Wing and Labrador Health Centre drives consistent demand.
Month-by-month comparison across all key metrics for Happy Valley-Goose Bay.
Seasonal patterns in the HVGB market. Spring and summer are typically the busiest listing seasons, aligned with posting cycles and relocations.
The Happy Valley-Goose Bay data tells a clear and consistent story: homes that sell in their first few weeks achieve sale-to-ask ratios at or near 101.0%. By six weeks and beyond, properties that haven't sold are closing at roughly 87.8% of their last asking price.
That's a difference of about 13.2 percentage points. On a $400,000 home, that's approximately $53,000 left on the table.
Overpricing doesn't delay the sale — it actively reduces what you walk away with. Homes that sit accumulate days on market, which signals to buyers that something is wrong and invites lower offers.
The right price from day one isn't pessimism — it's the strategy that produces the highest final return. This is what the Happy Valley-Goose Bay data shows, updated every month.
| Time on Market | Avg S/A Ratio | Signal |
|---|---|---|
| Week 1 | 97.76% | Still solid |
| Week 2 | 99.31% | Strong |
| Week 3 | 100.95% | Best possible |
| Week 4 | 98.18% | Still solid |
| Week 5 | 94.44% | Erosion begins |
| Week 6 | 95.22% | Erosion begins |
| Week 8 | 90.62% | Significant loss |
| Week 9 | 96.49% | Softening |
| Week 10 | 95.47% | Erosion begins |
| Week 11 | 94.52% | Erosion begins |
| Week 12 | 93.74% | Significant loss |
| Week 13+ | 87.76% | Significant loss |
On a $400,000 home, the difference between selling fast and letting it sit is approximately $53,000. Correct pricing from day one is the single most important factor in maximizing your return.
Listings that have been on market six weeks or more are your strongest negotiating position — the data shows these sellers close roughly 13%+ below asking on average.
Whether you're thinking of selling, buying, or just curious about your property's value — Karen Pomeroy and Roberta Primmer provide honest, data-backed evaluations for Happy Valley-Goose Bay and surrounding communities.