While the median for Newfoundland and Labrador is $209,000 , which means that Avondale’s median price is $164,900 below average than the rest of the province.
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.
Is Avondale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Avondale, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 11.