When looking across the province, Georgetown is the 169th most expensive in Newfoundland and Labrador.
While the median for Newfoundland and Labrador is $209,000 , which means that Georgetown’s median price is $112,400 a lot lower than the rest of the province.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
It’s never an exact art, but to try to forecast how property is going to appreciate in Georgetown for investors, it’s important to look at data like:
Over the last three months in Georgetown, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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.
If you are looking at investment properties in Georgetown, 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.