Canada’s national median home listing price this month is $319,900, which means that Bunyan's Cove is in the bottom 40% for Canada.
The $140,700 price tag on the median Bunyan's Cove home means that it is below the national norm.
Across Newfoundland and Labrador Bunyan's Cove has the 130th most properties on offer with 184.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Bunyan's Cove 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.
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 Bunyan's Cove, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
Will prices rise across the next year in in Bunyan's Cove? 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.