According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Port au Port Home Price
With a median listing price of $278,000, Port au Port is Canada’s 1740th most expensive when ordered by median listing price.
While the median for Newfoundland and Labrador is $209,000 , which means that Port au Port’s median price is $278,000 better than average than the rest of the province.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
It’s never an exact art, but to try to forecast how property is going to appreciate in Port au Port for investors, it’s important to look at data like:
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Port au Port, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
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.
When we look at the data we have, it can help with trying to establish whether or not Port au Port 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 Port au Port there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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