Canada’s national median home listing price this month is $290,900, which means that Division No. 5 is in the top 20% for Canada.
In Aug the median listed house price of $437,500 in Division No. 5 was an impressive compared to the rest of Newfoundland and Labrador.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 5.
Across Newfoundland and Labrador Division No. 5 has the 31th most properties on offer with 197.
It’s never an exact art, but to try to forecast how property is going to appreciate in Division No. 5 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 Division No. 5 there is more stock than three months ago. This would indicate pressure on prices easing.