Across the nation CREW lists data for 5043 neighbourhoods, and this month Gulls Marsh is number 1408 putting it in the top half of the country .
With Gulls Marsh’s median house price at $314,000 in Jun , it is high priced compared to the rest of Newfoundland and Labrador.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
From our data, it appears that neighbourhood is number 4155th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
When we look at the data we have, it can help with trying to establish whether or not Gulls Marsh is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gulls Marsh there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
Over the last three months in Gulls Marsh, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.