Across the country as a whole, Cape Broyle is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Newfoundland and Labrador is $209,000 , which means that Cape Broyle’s median price is $187,450 below average than the rest of the province.
According to our stats, Cape Broyle is the neighbourhood that has the 86th most properties available to real estate investors in Newfoundland and Labrador.
Can we guarantee how well Cape Broyle is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Cape Broyle, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Cape Broyle 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.
If you are looking at investment properties in Cape Broyle, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.