With a median listing price of $334,900, Cavendish is Canada’s 1140th most expensive when ordered by median listing price.
While the median for Newfoundland and Labrador is $209,000 , which means that Cavendish’s median price is $334,900 considerably better than the rest of the province.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Cavendish has fewer than average compared to the rest of the province
Is Cavendish a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cavendish will hopefully provide an indicator to help you where to research in-depth
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 Cavendish have stayed pretty much the same which would tend to indicate that demand is steady.