Canada’s national median home listing price this month is $310,000, which means that Birchy Bay is close to average for Canada.
While the median for Newfoundland and Labrador is $249,000 , which means that Birchy Bay’s median price is $229,700 better than average than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 191 neighbourhoods that have more properties on sale than Birchy Bay at the moment in Newfoundland and Labrador which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Birchy Bay for investors, it’s important to look at data like:
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 Birchy Bay have stayed pretty much the same which would tend to indicate that demand is steady.
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.
Will prices rise across the next year in in Birchy Bay? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.