Across the country as a whole, Bay de Verde is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Bay de Verde this month is $49,900.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
Will prices rise across the next year in in Bay de Verde? There are a number of real estate indicators to consider.
Over the last three months in Bay de Verde, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Bay de Verde 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 Bay de Verde there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.