Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Humber Village Home Price
The median asking price in Humber Village is $572,500, a substantial increase over the median three months ago which was $492,450 .
When our research team crunched the numbers we calculated that Humber Village has a median home price of $572,500.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
According to our stats, Humber Village is the neighbourhood that has the 86th most properties available to real estate investors in Newfoundland and Labrador.
Can we guarantee how well Humber Village is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Humber Village, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
It’s never an exact art, but to try to forecast how property is going to appreciate in Humber Village for investors, it’s important to look at data like:
If you are looking at investment properties in Humber Village, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
Signup for our weekly newsletter to get the latest news, updates and amazing offers and delivered directly in your inbox.
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved.