When looking across the province, Baie Verte is the 99th most expensive in Newfoundland and Labrador.
In Dec the median listed house price of $169,000 in Baie Verte was a below average compared to the rest of Newfoundland and Labrador.
The number of homes for sale this month in the neighbourhood has increased substantially at 162 in Dec .
It’s never an exact art, but to try to forecast how property is going to appreciate in Baie Verte for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Baie Verte there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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.
In Baie Verte, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.