Last month, Ocean Pond was Canada’s 3753th priciest – this month at number 3753 it’s gained 119 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
In Oct the median listed house price of $134,900 in Ocean Pond was relatively low compared to the rest of Newfoundland and Labrador.
Across Newfoundland and Labrador Ocean Pond has the 145th most properties on offer with 182.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Ocean Pond needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Ocean Pond there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Ocean Pond will hopefully provide an indicator to help you where to research in-depth
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 Ocean Pond have stayed pretty much the same which would tend to indicate that demand is steady.