When looking across the province, Marystown is the 98th most expensive in Newfoundland and Labrador.
In Aug the median listed house price of $196,900 in Marystown was an above average compared to the rest of Newfoundland and Labrador.
Investors looking for properties in Marystown are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
From our data, it appears that neighbourhood is number 1055th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Marystown 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 Marystown, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 24, this month we show 25.
When looking across the province, Marystown is the 12th most expensive in Newfoundland and Labrador.
When our research team crunched the numbers we calculated that Marystown has a median home price of $129,000.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Marystown has a pretty average amount compared to the rest of the province
Newfoundland and Labrador has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.