Canada’s national median home listing price this month is $314,900, which means that Grates Cove is in the bottom 40% for Canada.
With Grates Cove’s median house price at $139,700 in Oct , it is below average compared to the rest of Newfoundland and Labrador.
According to our stats, Grates Cove is the neighbourhood that has the 145th most properties available to real estate investors in Newfoundland and Labrador.
It’s never an exact art, but to try to forecast how property is going to appreciate in Grates Cove for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Grates Cove will hopefully provide an indicator to help you where to research in-depth
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Grates Cove have stayed pretty much the same which would tend to indicate that demand is steady.