Canada’s national median home listing price this month is $285,000, which means that Markland is in the bottom 40% for Canada.
When our research team crunched the numbers we calculated that Markland has a median home price of $159,900.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Markland has not many at all compared to the rest of the province
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Markland 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.
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 Markland, 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.
Will prices rise across the next year in in Markland? There are a number of real estate indicators to consider.
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 Markland have stayed pretty much the same which would tend to indicate that demand is steady.