Across the nation CREW lists data for 5162 neighbourhoods, and this month Bishop's Cove is number 3990 putting it behind most of Canada .
The $147,400 price tag on the median Bishop's Cove home means that it is below the national norm.
This month we track 138th neighbourhoods in Newfoundland and Labrador, and Bishop's Cove has the 138th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Bishop's Cove will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Bishop's Cove a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bishop's Cove there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.