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.
St. Phillips Home Price
With a median listing price of $489,900, St. Phillips is Canada’s 448th most expensive when ordered by median listing price.
The median house price listed in St. Phillips this month is $489,900.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Across Newfoundland and Labrador St. Phillips has the 42th most properties on offer with 197.
Can we guarantee how well St. Phillips 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.
Over the last three months in St. Phillips, housing stock available seems to be falling – this could mean that homes values might increase faster.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in St. Phillips for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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