Across the country as a whole, Norman's Cove is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $229,900 in Norman's Cove was an above average compared to the rest of Newfoundland and Labrador.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Norman's Cove having 86th most in the province, out of a total of 197.
It’s never an exact art, but to try to forecast how property is going to appreciate in Norman's Cove for investors, it’s important to look at data like:
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 Norman's Cove have increased which would tend to indicate that demand is not as high as supply.
Is Norman's Cove a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Norman's Cove, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.