Across the nation CREW lists data for 5162 neighbourhoods, and this month Deer Lake is number 2209 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Deer Lake has a median home price of $239,900.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, Deer Lake is the neighbourhood that has the 14th most properties available to real estate investors in Newfoundland and Labrador.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Deer Lake will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
It’s never an exact art, but to try to forecast how property is going to appreciate in Deer Lake for investors, it’s important to look at data like:
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.