Across the nation CREW lists data for 5398 neighbourhoods, and this month Elliott's Cove is number 3171 putting it in the bottom half of the country .
With Elliott's Cove’s median house price at $186,950 in Sep , it is about average compared to the rest of Newfoundland and Labrador.
This month we track 147th neighbourhoods in Newfoundland and Labrador, and Elliott's Cove has the 147th most choice available for real estate investors.
Will prices rise across the next year in in Elliott's Cove? There are a number of real estate indicators to consider.
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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Sep this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Elliott's Cove 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.