Canada’s national median home listing price this month is $290,900, which means that Flatrock is in the top 20% for Canada.
While the median for Newfoundland and Labrador is $209,000 , which means that Flatrock’s median price is $415,000 considerably better than the rest of the province.
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.
This month we track 21th neighbourhoods in Newfoundland and Labrador, and Flatrock has the 21th most choice available for real estate investors.
Newfoundland and Labrador has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Can we guarantee how well Flatrock 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Flatrock there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.