When looking across the province, Bloomfield is the 73th most expensive in Newfoundland and Labrador.
While the median for Newfoundland and Labrador is $209,000 , which means that Bloomfield’s median price is $227,450 better than average than the rest of the province.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Bloomfield having 138th most in the province, out of a total of 197.
When we look at the data we have, it can help with trying to establish whether or not Bloomfield is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.