Canada’s national median home listing price this month is $319,900, which means that Hawke's Bay is in the cheapest 20% for Canada.
Hawke's Bay, Newfoundland and Labrador has a median house price of $37,450 when compiling all the home listings in May .
Across Newfoundland and Labrador Hawke's Bay has the 130th most properties on offer with 184.
Will prices rise across the next year in in Hawke's Bay? There are a number of real estate indicators to consider.
If you are looking at investment properties in Hawke's Bay, 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.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Hawke's Bay needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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.