When looking across the province, Howley is the 158th most expensive in Newfoundland and Labrador.
While the median for Newfoundland and Labrador is $209,000 , which means that Howley’s median price is $129,500 a lot lower than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
This month we track 86th neighbourhoods in Newfoundland and Labrador, and Howley has the 86th most choice available for real estate investors.
Is Howley a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
Can we guarantee how well Howley 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.
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 Howley have stayed pretty much the same which would tend to indicate that demand is steady.