Across the nation CREW lists data for 5162 neighbourhoods, and this month McIvers is number 4781 putting it behind most of Canada .
The $94,250 price tag on the median McIvers home means that it is very cheap in comparison to the rest of the nation.
This month we track 138th neighbourhoods in Newfoundland and Labrador, and McIvers has the 138th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for McIvers will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in McIvers there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Can we guarantee how well McIvers 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.
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 McIvers have stayed pretty much the same which would tend to indicate that demand is steady.