When looking across the province, Kilbride is the 56th most expensive in Newfoundland and Labrador.
In Aug the median listed house price of $249,900 in Kilbride was an above average compared to the rest of Newfoundland and Labrador.
Across Newfoundland and Labrador Kilbride has the 98th most properties on offer with 197.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Kilbride 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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Kilbride for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Kilbride there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.