The median asking price in Summerside is $149,450, less than the median three months ago which was $125,000 .
The $149,450 price tag on the median Summerside home means that it is below the national norm.
There are 197 neighbourhoods that have more properties on sale than Summerside at the moment in Newfoundland and Labrador which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Summerside a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Summerside have dried up which would tend to indicate that demand is higher than the supply of new properties.