In Aug the median listed house price of $299,900 in Paradise was a below average compared to the rest of Newfoundland and Labrador.
Paradise’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
This month we track 2nd neighbourhoods in Newfoundland and Labrador, and Paradise has the 2nd most choice available for real estate investors.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Paradise needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Paradise have increased which would tend to indicate that demand is not as high as supply.