Across the country as a whole, Frenchmans Island is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Newfoundland and Labrador is $209,000 , which means that Frenchmans Island’s median price is $169,000 below average than the rest of the province.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Across Newfoundland and Labrador Frenchmans Island has the 98th most properties on offer with 197.
It’s never an exact art, but to try to forecast how property is going to appreciate in Frenchmans Island for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Frenchmans Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
When we look at the data we have, it can help with trying to establish whether or not Frenchmans Island is a good investment target.
If you are looking at investment properties in Frenchmans Island, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.