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.
Portugal Cove Home Price
With a median listing price of $426,900, Portugal Cove is Canada’s 634th most expensive when ordered by median listing price.
Portugal Cove, Newfoundland and Labrador has a median house price of $426,900 when compiling all the home listings in Aug .
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 Portugal Cove has a huge choice compared to the rest of the province
Can we guarantee how well Portugal Cove 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.
If you are looking at investment properties in Portugal Cove, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Portugal Cove 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Portugal Cove 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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