Gull Island was Canada’s 5099th most expensive suburb by listed median house price this month.
The $59,499 price tag on the median Gull Island home means that it is very cheap in comparison to the rest of the nation.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Gull Island having 138th most in the province, out of a total of 197.
Can we guarantee how well Gull Island 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.
Over the last three months in Gull Island, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Will prices rise across the next year in in Gull Island? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gull Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.