Across the nation CREW lists data for 4643 neighbourhoods, and this month Benton is number 4522 putting it behind most of Canada .
With Benton’s median house price at $65,500 in Oct , it is one of the cheapest neighbourhoods compared to the rest of Newfoundland and Labrador.
This month we track 103th neighbourhoods in Newfoundland and Labrador, and Benton has the 103th most choice available for real estate investors.
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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Benton, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 3.
It’s never an exact art, but to try to forecast how property is going to appreciate in Benton for investors, it’s important to look at data like:
Over the last three months in Benton, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.