The median asking price in Gander is $264,200, an improvement on the median three months ago which was $268,750 .
With Gander’s median house price at $264,200 in Aug , it is above average compared to the rest of Newfoundland and Labrador.
If you’re looking at investment properties in Gander, then you’re most likely to find homes with 3 bedrooms on sale this month.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Gander has a huge choice compared to the rest of the province
Is Gander a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gander there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across the country as a whole, Gander is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Gander has a median home price of $680,000.
Newfoundland and Labrador has the fourth least amount of properties available to property investors, with Gander having 12th most in the province, out of a total of 13.
Can we guarantee how well Gander 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.