Gander Real Estate Market Update — March 2026
2025 Full Year Results + Early 2026 Data Show a Market That's Picking Up Speed
We've just updated our Market Statistics page with the latest numbers from IMS Incorporated and the Newfoundland & Labrador Association of REALTORS®, and there's a lot to unpack. Here's our full breakdown of where the Gander market stands heading into spring 2026.
2025 in Review: A Steady, Healthy Market
The Gander real estate market had a solid 2025 by every measure. Here are the key numbers:
178 homes sold across the Gander market
$359,013 average sale price
97.95% sale-to-list ratio—sellers received just over 2% below asking on average
62.6 average days on market
$63.9 million in total sales volume
What stands out is how consistent the market was throughout the year. The monthly data shows a clear seasonal pattern—slower winter months with 7–9 sales per month from January through April, a strong summer peak of 35 sales in July, and a healthy fall before tapering off in December. That's a normal, functioning market doing exactly what it should.
Average sale prices followed a similar arc. Winter months saw lower averages in the $248K–$308K range, while the May through September stretch consistently hit $363K–$380K. The seasonal dip in December ($295K) is typical—fewer buyers competing in the holiday season means slightly lower closing prices.
The sale-to-ask ratio held remarkably steady all year, hovering between 96% and 99% in every single month. That's a market where pricing expectations between buyers and sellers are well aligned.
2026 Is Off to a Strong Start
The first two months of 2026 are telling an even more encouraging story.
16 homes have sold in January and February, up 14% from the same period last year. For the traditionally slowest months of the year, that's a solid start.
But the real headline is the price movement. The average sale price through February is $408,000—a 55% jump compared to early 2025. Now, early-year averages can be volatile when you're working with smaller sample sizes, so we don't want to overstate this. But combined with the other indicators, the direction is clear: values are climbing.
The sale-to-ask ratio has risen to 99.5%, meaning buyers are paying almost exactly what sellers are asking. And 9 of the 16 homes sold so far in 2026 went for 100% or more of the last asking price. In the same period last year, that number was just 3.
That's a meaningful shift. More competition for well-priced homes means sellers are in a stronger position than they were 12 months ago.
The Pricing Strategy Data Every Seller Needs to See
One of the most valuable pieces of data we track is the relationship between days on market and final sale price. The numbers don't lie:
Weeks 1–2: Homes sell at 99–100% of asking price
Weeks 3–5: That ratio drops to 98–99%
Week 7: The bottom—homes that have sat for nearly two months sell at just 93.5% of asking
Week 8+: A modest recovery to 96–98%, but never back to that early peak
The lesson is straightforward: pricing your home correctly from day one is the single most important thing you can do to maximize your return. Overpricing doesn't just delay the sale—it actively costs you money. Every week a listing sits, it sends a signal to the market that something isn't right, and buyers respond with lower offers.
On the flip side, buyers who are watching the market should know that listings sitting beyond the 6-week mark represent the best negotiating opportunities. The data shows those sellers are accepting offers 3–7% below their asking price.
What This Means for Spring 2026
For sellers, the data is encouraging. Prices are up, sale-to-ask ratios are tightening, and more homes are selling at or above asking than at any point in 2025. If you've been thinking about listing, spring 2026 is shaping up to be an excellent window—but only if you price it right. The days-on-market data makes that abundantly clear.
For buyers, the cost of waiting is becoming real. With average prices trending sharply upward and competition increasing for well-priced properties, getting into the Gander market now—while it's still well below national averages—makes financial sense. Gander remains one of the most affordable markets in Atlantic Canada, but the gap is narrowing.
We update our Market Statistics page regularly throughout the year with the latest monthly data. You can view the full interactive report, including all five monthly comparison charts and the complete days-on-market analysis, at realestategander.com/market-statistics.
Have questions about what these numbers mean for your specific situation? Reach out to our team—we're always happy to walk you through the data.
Data sourced from the Newfoundland & Labrador Association of REALTORS® MLS® System and IMS Incorporated REality/REstats®. Not included in statistics: new homes, commercial, private, exclusive, pocket listings, rentals, farms, vacant land, and co-listings.
Royal LePage Turner Realty · 204 Airport Blvd, Gander NL · 709-256-7999 · realestategander.com
