Across the country as a whole, Glovertown is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $199,900 in Glovertown was an above average compared to the rest of Newfoundland and Labrador.
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.
There are 197 neighbourhoods that have more properties on sale than Glovertown at the moment in Newfoundland and Labrador which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Glovertown is a good investment target.
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.
Will prices rise across the next year in in Glovertown? There are a number of real estate indicators to consider.
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.