While the median for Newfoundland and Labrador is $189,750 , which means that Chapel's Cove’s median price is $349,900 considerably better than the rest of the province.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Chapel's Cove having 108th most in the province, out of a total of 203.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Chapel'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 Chapel's Cove, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 2, this month we show 3.
Can we guarantee how well Chapel's Cove 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.
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.