Want a cheaply priced house? Then at $597,000 this month, Georges Lake, Newfoundland and Labrador is definitely not for you price wise.
Is Georges Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
Can we guarantee how well Georges Lake 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 Georges Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.