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.
Logy Bay Home Price
Across the country as a whole, Logy Bay is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $550,000 this month, Logy Bay, Newfoundland and Labrador is definitely not for you price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Logy Bay has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Logy Bay is a good investment target.
If you are looking at investment properties in Logy Bay, 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.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Logy Bay for investors, it’s important to look at data like:
Over the last three months in Logy Bay, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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.