Little Burnt Bay was Canada’s 5135th most expensive suburb by listed median house price this month.
With Little Burnt Bay’s median house price at $58,450 in May , it is one of the cheapest neighbourhoods compared to the rest of Newfoundland and Labrador.
According to our stats, Little Burnt Bay is the neighbourhood that has the 130th most properties available to real estate investors in Newfoundland and Labrador.
Will prices rise across the next year in in Little Burnt Bay? There are a number of real estate indicators to consider.
If you are looking at investment properties in Little Burnt 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, Little Burnt 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.
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 Little Burnt Bay have stayed pretty much the same which would tend to indicate that demand is steady.