When looking across the province, Baie Verte is the 99th most expensive in Newfoundland and Labrador.
In Dec the median listed house price of $169,000 in Baie Verte was a below average compared to the rest of Newfoundland and Labrador.
The number of homes for sale this month in the neighbourhood has increased substantially at 162 in Dec .
It’s never an exact art, but to try to forecast how property is going to appreciate in Baie Verte for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Baie Verte there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.