In Aug the median listed house price of $179,900 in Lower Island Cove was a below average compared to the rest of Newfoundland and Labrador.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Lower Island Cove having 98th most in the province, out of a total of 197.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Lower Island Cove 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 Lower Island Cove have stayed pretty much the same which would tend to indicate that demand is steady.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lower Island Cove for investors, it’s important to look at data like: