Canada’s national median home listing price this month is $290,900, which means that Lewin's Cove is close to average for Canada.
The $224,900 price tag on the median Lewin's Cove home means that it is about average price.
This month we track 138th neighbourhoods in Newfoundland and Labrador, and Lewin's Cove has the 138th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lewin's Cove for investors, it’s important to look at data like:
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Lewin's Cove, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Lewin's Cove 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.
In Lewin's Cove, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.