When looking across the province, New Harbour is the 159th most expensive in Newfoundland and Labrador.
With New Harbour’s median house price at $129,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Newfoundland and Labrador.
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.
There are 197 neighbourhoods that have more properties on sale than New Harbour at the moment in Newfoundland and Labrador which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not New Harbour is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in New Harbour there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.