Canada’s national median home listing price this month is $314,900, which means that Red Cliff is close to average for Canada.
While the median for Newfoundland and Labrador is $159,900 , which means that Red Cliff’s median price is $194,900 below average than the rest of the province.
If you’re looking at investment properties in Red Cliff, then you’re most likely to find homes with 2 bedrooms on sale this month.
This month we track 156th neighbourhoods in Newfoundland and Labrador, and Red Cliff has the 156th most choice available for real estate investors.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Red Cliff 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 Red Cliff there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.