Across the country as a whole, New Perlican is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With New Perlican’s median house price at $79,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Newfoundland and Labrador.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, New Perlican is the neighbourhood that has the 71th most properties available to real estate investors in Newfoundland and Labrador.
Is New Perlican a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in New Perlican for investors, it’s important to look at data like:
In New Perlican, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.