Canada’s national median home listing price this month is $290,900, which means that Millville is in the top 40% for Canada.
When our research team crunched the numbers we calculated that Millville has a median home price of $319,400.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Millville having 138th most in the province, out of a total of 197.
Is Millville a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Millville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
It’s never an exact art, but to try to forecast how property is going to appreciate in Millville for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.