Across the nation CREW lists data for 5162 neighbourhoods, and this month Norris Arm North is number 4432 putting it behind most of Canada .
With Norris Arm North’s median house price at $119,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Newfoundland and Labrador.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
It’s never an exact art, but to try to forecast how property is going to appreciate in Norris Arm North for investors, it’s important to look at data like:
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 Norris Arm North, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
Can we guarantee how well Norris Arm North 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.