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-St. Philip's Home Price
With a median listing price of $354,900, Portugal Cove-St. Philip's is Canada’s 1010th most expensive when ordered by median listing price.
The $354,900 price tag on the median Portugal Cove-St. Philip's home means that it is quite highly priced by Canadian standards.
Investors looking for properties in Portugal Cove-St. Philip's are most likely to find 3 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Portugal Cove-St. Philip's having 98th most in the province, out of a total of 197.
Can we guarantee how well Portugal Cove-St. Philip's 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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.
Newfoundland and Labrador has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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