Across the nation CREW lists data for 5398 neighbourhoods, and this month Creston North is number 2700 putting it in the bottom half of the country .
While the median for Newfoundland and Labrador is $293,900 , which means that Creston North’s median price is $212,000 below average than the rest of the province.
This month we track 147th neighbourhoods in Newfoundland and Labrador, and Creston North has the 147th most choice available for real estate investors.
Can we guarantee how well Creston North 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.
When we look at the data we have, it can help with trying to establish whether or not Creston North is a good investment target.
Over the last three months in Creston North, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.