When looking across the province, Broad Cove is the 115th most expensive in Newfoundland and Labrador.
With Broad Cove’s median house price at $174,000 in Aug , it is about average compared to the rest of Newfoundland and Labrador.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Broad Cove has fewer than average compared to the rest of the province
Will prices rise across the next year in in Broad Cove? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Broad Cove there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
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.